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Anti-Money Laundering

Addressing the full spectrum of anti-money laundering challenges

Governments worldwide are continuing to amplify their efforts to crack down on money laundering and terrorist financing activities. For global companies, these activities can be challenging to monitor and investigate, especially when scrutiny can arise at any moment. From severe fines to reputational risk, organizations operating across borders and in jurisdictions with divergent laws face significant challenges in the global landscape.

We support our clients across the full spectrum of Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) challenges. Whether developing comprehensive compliance programs, responding to regulatory investigations, or identifying and reporting suspicious activity, our team provides the technical guidance and practical solutions that instill confidence and deliver transparency to you, the Board, and your Regulator.

Offerings

BSA/AML Program Gap Review

We are globally recognized experts in reviewing and assessing BSA/AML programs to determine adherence to regulatory guidelines, standards, best practices, as well as internal policies and procedures. We also perform thorough risk assessments to evaluate high-risk customers, transactions, or product lines.

Fintech/Crypto Reviews

We review every facet of the BSA/AML programs of cryptocurrency platforms and Fintechs. We recognize that Fintechs and cryptos are not traditional financial institutions and need programs that align new products/services with current regulatory requirements and a risk-based approach, while also understanding the need for a scalable compliance framework that can expand as your business grows from a start-up to a mature organization.

Customer Identification & Know Your Customer (KYC) Program Review

We evaluate customer intake workflows to determine efficiency and regulatory compliance. We also remediate customer identification program or KYC backlogs.

Transaction Monitoring Reviews

We partner with clients to evaluate the current state of their Business-As-Usual transaction monitoring workflows to tune for efficiency and develop key performance metrics to maximize quality assurance for peak efficiency and effectiveness. We are experienced in addressing and resolving alert backlogs as well as designing and implementing regulator mandated lookback reviews; our team of AML analysts conducts thorough reviews of transaction data to determine suspicious activity and recommend transactions and customers for suspicious activity reports (SARs).

Required Independent Audit Reviews

Our subject matter experts execute independent testing and audit functions, ensuring you adhere to local rules and regulations to meet the regulatory requirement for an independent review.

Independent Investigations & Regulatory Reporting

Drawing on multidisciplinary resources, we perform thorough independent investigations by working with our clients to identify areas of inquiry and implementing a work plan focused on the key issues. Our accomplished team also provides regulatory reporting.   

AML Analytics & Data Optimization

Our team develops advanced analytics programs for transaction testing, risk assessments, and lookback reviews. Our customized and interactive visual dashboards facilitate reporting automation and case management.

Exam Management Services

Our team has direct financial institution experience managing hundreds of exams, presenting to examiners, and developing presentations to put your exam on the path to success.

Lookback Reviews

Our team of AML analysts conducts thorough reviews of transaction data to determine suspicious activity and recommend transactions and customers for suspicious activity reports (SARs). When needed, we interface with regulators on behalf of clients so they can remain focused on their core business operations.

Alert & Case Backlog Support Programs

We partner with clients to evaluate the current state of their transaction monitoring workflows and develop key performance metrics to maximize quality assurance for peak efficiency and effectiveness.

Global Financial Institution

Analyzing 149 Million Customer Records & 1.5 Billion Transactions for Suspicious Activity

As part of an agreed-upon consent order with a regulator, a financial institution was required to perform a lookback at 18 months of prepaid debit card transactions. An Ankura team of over 150 analysts and data specialists reviewed transaction data of over 149 million customers and 1.5 billion transactions from over 20 sources. At the time of the review, the bank did not have a functioning transaction monitoring system in place. As a result of the investigations performed, over 17,000 SARs were filed by the bank, fulfilling the consent order.

The Ankura Difference

Ankura is a trusted, independent partner to governments, law firms, and financial institutions in the global war on money laundering and terrorist financing. Our professionals with significant public service experience, who maintain strong working relationships within the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC), and other agencies, routinely assist clients in navigating government enforcement inquiries.

Let’s Connect

We solve problems by operating as one firm to deliver for our clients. Where others advise, we solve. Where others consult, we partner.

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