Our commitment to combating financial crime
Overview of our services
AFC Advisory offers innovative and customized solutions that fit your needs and move your business forward.
Consulting
AFC Advisory is a trustworthy partner that supports its clients in all issues related to money laundering prevention, compliance and risk management.
Interim Management
Experienced experts with longstanding professional experience accompany AFC Advisory’s clients in successfully implementing projects.
Money Laundering Officer
In order to transform the requirements of the Money Laundering Act and to ensure compliance, AFC Advisory advises and supports its clients in all areas regarding the duties of the Money Laundering Officer.
Project Management
AFC Advisory’s dedicated team of experts will support you from project initiation to planning, management and control.
Success-fully combating financial crime
Our consulting services cover a diverse range of financial crime and compliance management services. We provide reliable and competent support to your company in combating money laundering and terrorist financing, conducting risk analyses, identifying business partners, and implementing internal security measures and due diligence obligations. In addition to the specialized topics of financial crime prevention, our experienced consultants also possess comprehensive knowledge in project management and can competently assist your company in organizing and coordinating projects.
With our expertise you are well advised
Our consulting services cover the following areas and tasks:
Anti-Money Laundering (AML) Prevention
- Comprehensive Know Your Customer (KYC) analysis: identification and verification of contractual partners (including politically exposed persons), determination of risk classification, and identification of beneficial owners
- Submission of Money laundering suspicious activity reports
- Assessment of complex and multi-jurisdictional ownership and control structures, conducting background research on companies and individuals (negative news research)
- Development of training concepts and provision of employee training
Sanctions and Embargoes
- Assistance in handling sanctions, embargo, politically exposed person (PEP), and negative news hits
- Thorough analysis of hits in your screening against lists, considering the probability of hits, and promptly forwarding verified hits to the relevant departments
- Comprehensive analysis of existing and new customer relationships for sanctions compliance.
- Development of internal policies and work instructions
Transaction Monitoring
- Processing of alerts in transaction monitoring by cross-checking against your predefined “red flags” at the transaction level
- Evaluation of transactions for plausibility through a comprehensive examination for potential money laundering and terrorist financing
- Additional support in the so-called origin verification of your customers about funds and assets (Source of Wealth and Source of Funds)
Compliance Management
- Preparation of annual reports and money laundering risk analyses
- Conducting comprehensive gap analyses to identify process gaps related to money laundering
- Assistance in the implementation and enforcement of internal security measures
- Establishment of an effective money laundering-specific risk management system
- Remediation of audit findings through sustainable and effective solutions
Successfully completed client projects
Convince yourself of our project experience.
