Anti-Money Laundering (AML) Services, Why Do You Need it?
There are many advantages to outsourcing portions of your Anti-Money Laundering (AML) compliance program to CRI Group™
CRI™ Anti-money laundering (AML) advisory services help analyse systems and develop effective solutions that reduce your company’s risk of falling prey to employee, supplier or outside corporate and financial crimes. An effective AML framework is a testament to your organisation’s position against crime.
Our unmatched investigative capabilities, worldwide presence and a long-standing reputation for independence and integrity make us uniquely qualified to resolve regulatory concerns.
Our vast Anti-Corruption and Compliance network provides the protection you need when making critical bottom-line decisions crucial to your organisation’s success. Leave it for experts. Ensure you have the 360-degrees analysis of your challenges – get in touch with the experienced CRI Group’s AML team for a bespoke quote.
Meet stakeholder expectations and safeguard your corporate reputation and competitive positioning
As a global business entity with a range of subsidiary partner operations that cross several distinct business sectors (including but not limited to telecommunication, financial services, petrochemicals, energy production/distribution, chemicals, fertilisers and food), your organisation needs to recognise that it is targeted by hostile entities seeking to take advantage of your market presence.
One of the critical challenges is corporate finance’s control and movement and the need to ensure that effective Anti-Money Laundering (AML Framework) procedures and practices are in place. Refusal to accept the risks and your organisation is openly exposed to:
- Corporate Fraud;
- Corruption;
- Exploitation from the theft of money & other assets.
You need to comply with national, regional, and international legislative frameworks such as:
- Section 453 of the 2017 Companies Act (Pakistan); and
- UK’s Proceeds of Crime Act (POCA) 2000).
More fundamentally, money that is unknowingly, unwittingly or (in the case of fraud and corruption) even consciously ‘laundered’ through the organisation could ultimately support, finance and promote international terrorism and the drugs trade.
A money-laundering prevention program is an essential element among institutions’ measures to protect their operations and promote trust among their clients and partners. CRI Group™ works with clients to design, implement, and refine comprehensive AML policies and procedures and establish an overarching compliance strategy and culture, including firm-wide training on AML compliance that reflects the latest regulatory and enforcement trends and industry best practices.
As global corporate citizens aware of their responsibilities, any international organisation must comprehensively address these concerns and implement policies, procedures, and associated risk assessment mechanisms.
Consequences of an absent AML framework
To have insufficient controls and be charged with engaging in money laundering can have any of the following negative consequence
- Damaged corporate reputations & brand devaluation
- Eroding employee morale
- Potential consumer boycotts
- Negative investor perceptions
- Possible legal action
- Fines & potential jail terms for directors
Contact CRI™ today and learn more about how your organisation can remain in full compliance with all applicable AML laws and regulations, giving you, your partners and your clients the confidence of knowing that the organisation, and its reputation, is protected from the negative consequences of money laundering.
AML Due Diligence with CRI Group™
Complying with AML regulations requires taking a risk-based approach towards assessing the risks from doing business with customers and third parties. CRI Group™ offers a broad spectrum of risk-based screening, monitoring, and due diligence solutions that suit the needs of AML compliance professionals. We provide tailored solutions commensurate with the level of risk involved.
There are many advantages to outsourcing portions of your AML compliance program to CRI Group™. More and more, in-house compliance professionals have faced internal financial pressures and resource constraints while looking to build an effective and robust AML program. CRI Group™ can help supplement your existing efforts and provide AML and due diligence solutions capabilities worldwide.
AML Service Capabilities
CRI™ excels at deterring, detecting and investigating crimes against businesses. We achieve success using a global network of professionals specially trained in Anti-Corruption, Risk Management and Compliance due diligence, and corporate investigations. More importantly, our technical capabilities and multi-national resources enable us to perform the following scope of work for your organisation to demonstrate adequate procedures and to provide a complete solution consisting:
- In-Depth AML Risk Assessment
- GAP Analysis for the scope of ISO 37301 Compliance Management System
- Provision of AML Framework
- Global Sanction Screening & Third-Party Risk Management
- Money laundering reporting officer (MLRO)
- Policy statement
- AML framework – scope of the AML framework
- What is money laundering – regulatory requirements
- Identifying financing terrorism
- Corporate principles – an ethical & integrated business approach
- Screening of politically exposed persons & sanctions
- Suspicious activity reporting, tipping off & sar submission
- Record keeping
CRI™ professionals work closely with your business to analyse systems and develop effective solutions that reduce your company’s risk of falling prey to employee, supplier or outside corporate and financial crimes. Our vast Anti-Corruption and Compliance network provides the protection you need when making critical bottom-line decisions crucial to your organisation’s success.
CRI Group™ excels at deterring, detecting and investigating crimes against businesses. We achieve success using a global network of professionals specially trained in Anti-Corruption, Risk Management and Compliance due diligence, and corporate investigations– a complete 360-Degrees AML management solution. More importantly, our technical capabilities and multi-national resources enable us to perform the following scope of work for your organisation to demonstrate adequate procedures:
- In-Depth Anti-Money Laundering Risk Assessment;
- GAP Analysis for the scope of ISO 37301 Compliance Management System;
- Provision of AML Framework; and
- Global Sanction Screening and Third-Party Risk Management
CRI Group™ helps clients expertly and efficiently resolve gaps and deficiencies in their AML compliance programs. We offer diligence remediation services to assist our clients with changes in the law and/or internal firm policies. CRI Group™ also offers transactional remediation services when clients require a “look back” to evaluate in-house performance and compliance.
Who is CRI Group™?
Based in London, CRI Group™ works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, Due Diligence, Compliance Solutions and other professional Investigative Research solutions provider.
We have the largest proprietary network of background screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are, we have the network needed to provide you with all you need, wherever you happen to be.
CRI Group™ also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.
In 2016, CRI Group™ launched Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an independent certification body that provides education and certification services for individuals and organisations on a wide range of disciplines and ISO standards, including ISO 31000:2018 Risk Management- Guidelines; ISO 37000:2021 Governance of Organisations; ISO 37002:2021 Whistleblowing Management System; ISO 37301:2021 (formerly ISO 19600) Compliance Management system (CMS); Anti-Money Laundering (AML); and ISO 37001:2016 Anti-Bribery Management Systems ABMS. ABAC™ offers a complete suite of solutions designed to help organisations mitigate the internal and external risks associated with operating in multi-jurisdiction and multi-cultural environments while assisting in developing frameworks for strategic compliance programs. Contact ABAC™ for more on ISO Certification and training.
CRI Group™ invites you to schedule a quick appointment with us to discuss in more detail how our risk management solutions can help you and your organisation.
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