Regulated entities need to keep abreast with the regulatory requirements and environment related to AML and sanctions compliance
Regulated entities need to keep abreast with the regulatory requirements and environmen...
In a rapidly changing regulatory environment, Anti-Money Laundering (AML) and Sanctions regulatory compliance have been a focus area of attention for regulators worldwide. In recent years, the local AML regulatory environment has developed rapidly and is increasingly aligned with international AML standards and practices. Regulated entities need to keep abreast with the regulatory requirements and environment, in order to adapt and respond to any known and/or anticipated regulatory changes. In addition, a money laundering risk management program should be developed and deployed so that AML risk exposures can be managed in an effective and sustainable manner.
Whether through the development of governance related to the AML and Sanctions regulatory compliance framework based on more stringent regulatory standards and expectations, or the use of enhanced system capabilities, regulated entities need to be strategic when they consider how to effectively utilizing resources to ensure AML and Sanctions regulatory compliance.
KPMG is recognized as a global leader in the AML and Sanctions regulatory compliance space, with proven methods, technology and training support. Our extensive experience working with local, regional and international clients enables us to offer a wide range of services that are risk-based and customized. In respect of any matters related to AML and Sanction regulatory compliance, we can assist with the design and implementation of target management and operating models, help with remediation and rectification of known issues, conduct system model validation, or provide training to cultivate an AML compliance culture. Our diverse range of project experience and professional services include: