The Financial Crimes Advisory practice provides consulting services to clients across the financial services sector.

The practice has expertise in the following domains and disciplines: 

  • Anti-Money Laundering (AML) programs

  • Economic Sanctions

  • Cyber Crime

  • Combating the Financing of Terrorism

  • Financial Intelligence (FININT)

  • Anti-Corruption and Bribery

  • Bank Fraud

The Financial Crimes Advisory practice develops and deploys strategies to counter financial crimes and illicit financial threats.

Below are three examples of the Financial Crimes Advisory practice's capabilities. 

CASE 1

AML RightSource's client, a regional bank, sought assistance with an overhaul of its AML/BSA policies and procedures at the direction of its federal regulator. AML RightSource deployed a team of subject matter experts to analyze, among other things, the bank’s current procedures and compared them to current regulatory standards and industry best practices. As a result, AML RightSource provided the bank with a new, comprehensive policy document that the bank plans on using to grow and strengthen it’s AML/BSA program. 

CASE 2

AML RightSource created an enterprise wide AML/BSA risk assessment (“EWRA”) for a large regional bank that was under a formal action by its federal regulator. AML RightSource provided a qualitative and quantitative review of the banks’ customers, products, services, geographies, and other known risk indicators. The EWRA AML RightSource provided will serve as the banks’ AML/BSA programmatic guidepost for transaction monitoring, customer due diligence, watch list filtering, and staffing for the foreseeable future.  

CASE 3

A mid-sized regional bank required assistance with the selection of a new transaction monitoring system and needed assistance with selecting a software vendor, scenario selection, setting thresholds, and developing workflow processes. AML RightSource served as the bank’s project manager through vendor selection and implementation. Additionally, AML RightSource completed a threshold testing and tuning cycle enabling the bank to accurately set criteria at which alerts would be generated. AML RightSource also provided detailed documentation for the transaction monitoring software model validation process for the bank’s third-party auditor.