monica wu

Monica Wu

Manager, Anti-Money Laundering and Sanctions Specialist

KPMG in South Africa

Monica has over nine (9) years of professional experience working in Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) and Financial Sanctions project across Europe, Asia and Africa, having in-depth knowledge of AML/CFT, Sanctions, Compliance and Anti-financial crimes related regulations in Spain, Luxembourg, Germany and South Africa, as well as being familiar with AML/CFT regulations in China, Hong Kong (China) and Korea. She has profound insight of the AML/CFT and compliance best practice in the international and local financial services sector, and is capable of designing and implementing customised AML/CFT solutions that are appropriate to different business models, organizational structure, risk management and compliance programmes. She was responsible for communicating with regulators at national and European level and had a leadership role managing many regulatory enforcements while working in the banking sector in Spain. She also led the later remediation actions required by the supervisors, including inter alia, review of the entire AML/CFT policy framework, KYC remediation, suspicious transactions detection, investigation and analysis procedures, implementation of new Sanctions Screening system and implementation of new Transaction Monitoring system. She was also the Money Laundering Reporting Officer and led many suspicious activities investigations.

Education and qualifications
  • Qualified Spanish Lawyer – 2012

  • Law Licentiate Degree - 2011

  • Business studies - 2012

Areas of Expertise
  • Anti-Money Laundering (AML) and Sanctions policies and procedures design

  • AML Risk Management and Compliance program

  • KYC policies and procedures design and implementation

  • KYC remediation

  • CDD, SDD and EDD