In-depth review of “as-is” AML CDD policies, procedures and processes, benchmarking against industry best practices and identifying potential areas for improvements. Specific expertise of team includes adopting a truly “risk based” approach, which ensures the Bank does “what is right” and not “what is conservative”.
In depth reviews to enhance alignment with Business Strategy and improve execution capability specifically in the following areas:
Assess approach and execution to “uplift” standards to meet regulatory expectations. The team has experience of remediating a portfolio of over 30 customers across Asia Pacific markets. The team will ensure Regulatory expectations are met and sustainable practices are implemented.
Evaluate Risk V Return to identify segments to “Grow”, “Maintain” and “Exit”. Cost of performing customer due diligence can range from USD 5K to USD 15K per customer. Purpose of this exercise is to ensure the Business has the “right” mix of customers aligned with Business strategy.
Digileap Technologies Pte. Ltd.