Promontory is especially helpful to firms operating in multiple jurisdictions and to those headquartered outside major financial centers, all of which need to meet requirements that may differ from those of their home country. Our clients include community, regional, and global banks, securities firms, asset managers, commodity brokers, insurance companies and others based in North America, Central and South America, Europe, the Middle East, Africa and Asia-Pacific.
We are able to respond appropriately, whether a client is facing a severe regulatory challenge that needs addressing within a compressed time frame, requires assistance in this area as part of a broader review or investigation, or merely wants assurance that its existing programs appropriately incorporate regulatory and market expectations effectively and efficiently.
The strength of our Anti-Money Laundering and Counter-Terrorism Financing practice comes from the depth of experience and expertise Promontory professionals have gained from their roles in government, the financial services industry, regulatory agencies, and law enforcement agencies. Our professionals have drafted laws and regulations, advised regulators, worked with governments, and supported clients in their fight against criminals and terrorists.
Promontory advises clients across a broad spectrum of anti-money laundering and counter terrorist finance needs, including:
- AML & Sanctions Compliance Program Review
We enhance compliance programs by developing governance structures, compliance risk reporting, risk assessments, policies and procedures, monitoring, and testing mechanisms
- Transaction Monitoring Optimization
We evaluate scenarios and rules against the institution’s risk profile, industry practice, and regulatory expectations
- AML Transaction Overflow
Our overflow capacity facility can handle all excess case work, from alert resolution to case investigation to SAR preparation
- Staff Augmentation
Our team consists of seasoned AML professionals, many of them attorneys and CAMS-certified who can assist institutions on-site in several capacities
- Transaction Reviews (“Look Backs”)
We conduct transaction reviews to the highest regulatory standards
- “Know Your Customer” Remediation
Assisting institutions with KYC remediation of retail, corporate and correspondent banking customers
- Risk-Based Training
We provide customized training for the bank’s board of directors, management, and compliance staff