Easily Assess
Risk to Your Business
Have your business's inherent risk and current AML/CTF processes reviewed. Receive suggestions on ways in which you can manage and improve your current controls.
Cost Effective Service
Access to experienced consultants at a competitive rate, who will be able to provide you with recommendations on minimising your ML/TF risk.
Region Specific
We have a team of global consultants who have experience with local legislation and would be able to consult with you on your specific AML/CTF obligations.
Tailored Consultation
Each consultation session will be tailored towards your specific business and the type of product/service you offer.
Comprehensive Framework
Access a structured and comprehensive framework to assess your compliance with Key AML/CTF requirements.
Residual Risk
Assess how the controls associated with each gap reduce the risk level to determine your overall residual risk.
Identify Inherent Risks
Determine the inherent risk (vulnerabilities that exist within the market, sector, jurisdiction, etc.), before the implementation of an anti money laundering and counter terrorism financing program.
Meet Our Consultants
Talk to a Consultant
Work with our accredited consultants to assess the money
laundering and terrorism financing risk to your business.
Campbell is based in Auckland, New Zealand and has over 5 years of project-based experience in the AML/CTF industry. He has held his ACAMS accreditation since 2020 and has worked in various different industries including Finance, Banking, Telecommunications and retail. Campbell is able to perform Risk Assessment Consultations for companies located in New Zealand.
New Zealand
Carolina joins our consulting team from Uruguay. She has 2 years of experience in the AML industry. Specialising in the Crypto, Retail, FMCG, Business Intelligence and AI markets. Carolina can provide risk assessment consulting across Latin America with a key focus on Argentina, Uruguay, Mexico, and Colombia.
Uruguay
Delfina has 8 years experience with the AML/CTF industry. Joining our consulting team from Uruguay allows her to conduct risk assessments for clients based in several countries such as, Argentina, Uruguay, Colombia, Chile, Costa Rica, Mexico, Peru, Bolivia, and Paraguay. Delfina specialising in the crypto, finance and retail industries.
Uruguay
Francois joins our team from South Africa and has over 11 years of experience in the AML/CTF industry. Throughout his career Francois has worked primarily in the Banking and Insurance industry and understands the importance of having the appropriate AML/CTF processes in such heavily regulated industries. He has held his ACAMS certification for over 3 years and is able to perform Risk Assessment Consultations for companies located in Africa.
South Africa
Sarkis has 15 years experiences within the AML/CTF industry. Based in Lebanon, Sarkis has worked in a variety of sectors including, banking, technology, risk management and compliance. He has held his ACAMS accreditation for over 5 years and can conduct risk assessments across the globe.
Lebanon
Tony is based in North Carolina, United States and brings to the table over 10 years of practical experience in the AML/CTF industry. Throughout his career he has worked in various industries with a strong focus on the banking industry in particular; retail, commercial and investment banking. Tony has held his ACAMS accreditation for over 4 years and is able to perform Risk Assessment Consultations for companies based in the USA and UK.
United States
Alan joins the MemberCheck consulting team from Hong Kong. He has over 2 years experience within the AML/CTF industry, holding his ACAMS certification for roughly 9 months. Throughout his career he has worked in various industries with a focus on banking, finance, and industrial. Alan is able to conduct risk assessments for clients based in Hong Kong, Indonesia and Malaysia.
Hong Kong
James joins our consulting team from India. He has over 8 years experience in the AML/CTF industry. Having worked in a range of industries including, banking, credit, compliance and wealth management. He has held his ACAMS certification for over 2 years, allowing him to conduct risk assessments across the globe.
India
Based in Wellington, New Zealand, Laura and has over 15 years of hands-on experience in the AML/CTF industry. She has worked in a various range of industries including; Banking, Insurance, Asset Management, Financial services and Capital Markets. Laura has held her ACAMS accreditation for over 10 years and is confident in performing Risk Assessment Consultations for companies in the MENA region, India, Australia, New Zealand and the UK.
New ZealandNameScan will Provide You with
the Following:
Why Conduct a ML/TF Risk
Assessment?
An Anti Money Laundering / Counter Terrorism Financing (AML/CTF) risk assessment will help you identify risks and develop policies and processes to help minimise and manage those risks. It is an unrealistic assumption that a reporting entity would have zero exposure to being used for money laundering and/or terrorism financing activities. As such, an organisation should identify the ML/TF risk as soon as possible and develop frameworks which can be used to prioritise and monitor their exposure to such risk.
How Can You Determine Your Inherent ML/TF Risk?
Develop an appropriate risk assessment methodology or framework, which includes ways to measure the likelihood and impact of ML/TF risk.
Populate the model with all relevant risk and associated risk attributes.
Perform the risk assessment and ensure that its output align with the scoring or ranking mechanisms of the methodology or model.
Once you have determined your inherent risk, you must utilise systems and controls to mitigate that risk. You can then determine the residual risk and apply risk management systems and controls to mange that risk.
Continuous Risk Reviews
An assessment of your ML/TF risk assessment must always
be conducted before the introduction of any new product,
channels, or the development of new techniques implemented
to deliver your service.
In addition to periodic reviews of your systems and controls,
there is a range of circumstances that can trigger an immediate
need to review a product or channel’s ML/TF risk assessment.
Triggers to Perform a Risk Assessment
Increased customer base or increased use of your product or service
Change in the volume or value of transactions
Significant changes have been made to your product or service
Your transaction monitoring identifies unusual patterns
Your ongoing customer due diligence (CDD) checks show a pattern of unusual activity
Checks show an emergence of criminal exploitation of a product or service
External developments that result in the changing of your risk score
Law enforcement communications about the ML/TF risk for your product or channel
Enquire about the Pricing for Our Risk Assessment Consulting Service
Let our accredited consultants help manage your risk and provide you with the necessary steps required to mitigate as much inherent risk as possible. Fill in the form and one of our friendly sales representatives will get in touch with you soon.
