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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 investigations and scrutiny can arise at any moment. From severe fines to public shaming, 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 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.

Offerings

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.
Regulator-Mandated Compliance Programs: We are globally recognized experts in validating and tuning AML models to determine adherence to regulatory guidelines and standards. We also perform thorough risk assessments to evaluate high-risk customers, transactions, or product lines.
Customer Identification & Know Your Customer (KYC) Programs: We evaluate customer intake workflows to determine efficiency and regulatory compliance. We also remediate customer identification program or KYC backlogs.
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.

Our Latest Thinking

Memo

Latest OFAC Settlement Shows Need for Integrated Compliance Program

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 professional led a team of over 150 analysts and data specialists to review transaction data that included 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.