Anti Money Laundering
Risk Assessment Consulting

Work with our accredited advisers to assess the money
laundering and terrorism financing risk to your business.
Risk Assessment Compliance

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

Cost Effective Service

Access to experienced advisers at a competitive rate, who will be able to provide you with recommendations on minimising your ML/TF risk.

REGION SPECIFIC

Region Specific

We have a team of global advisers who have experience with local legislation and would be able to consult with you on your specific AML/CTF obligations.

TAILORED CONSULTATION

Tailored Consultation

Each consultation session will be tailored towards your specific business and the type of product/service you offer.

COMPREHENSIVE FRAMEWORK

Comprehensive Framework

Access a structured and comprehensive framework to assess your compliance with Key AML/CTF requirements.

RESIDUAL RISK

Residual Risk

Assess how the controls associated with each gap reduce the risk level to determine your overall residual risk.

IDENTIFY INHERENT RISKS

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 AML Advisers

Talk to an Adviser

Work with our accredited advisers to assess the money
laundering and terrorism financing risk to your business.

Risk Assessment Consultant
Campbell B.

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
Risk Assessment Consultant
Carolina C.

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
Risk Assessment Consultant
Delfina C.

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
Risk Assessment Consultant
Francois C.

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
Risk Assessment Consultant
Sarkis M.

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
Risk Assessment Consultant
Tony A.

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
Risk Assessment Consultant
Alan T.

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
Risk Assessment Consultant
James C.

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
Risk Assessment Consultant
Laura W.

Based in Wellington, New Zealand, Laura 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 Zealand
Risk Assessment Consultant
Sumeer P.

Sumeer is based in Sydney, Australia. He is a Chartered Secretary and Certified AML Specialist. He has held the ACAMS qualification for 4 years and been involved with AML since its commencement in Australia in 2007. He brings 20 years compliance experience in the financial services industry.

Australia
Risk Assessment Consultant
Tamuka N.

Tamuka has over 14 years of experience within the AML industry and is registered as a Barrister & Solicitor of the High Court of New Zealand. Based in New Zealand, Tamuka has worked in a variety of sectors including, Banking, Insurance, Stockbroking, Payment Card Services and Trustee Services. He has recently been awarded his ACAMS certification and is a recipient of the New Zealand Compliance Professional of the Year (2019) presented by the Governance Risk & Compliance institute of Australasia.

New Zealand

NameScan will Provide You with
the Following:

The method used to conduct the risk assessment
An assessment of the likelihood and impact of the inherent money laundering and terrorist financing risk
A scale to assess the level of importance for money laundering and terrorist financing risk (low, medium, or high)
The risk associated with your customer types, including politically exposed persons
The product and services your business offers and the channels used to distribute them
The risk associated with the products and services your business offers and the channels used to distribute them
The nature, size and complexity of your business and any additional risks posed by the industry in which you operate.
Platform where you will be able to perform Customer Due Diligence on your clients through our PEP/Sanction and Adverse Media solution.
Risk Assessment

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.

Money Laundering - Counter Terrorism

How Can You Determine Your Inherent ML/TF Risk?

Develop Appropriate Risk Assessment Methodology

Develop an appropriate risk assessment methodology or framework, which includes ways to measure the likelihood and impact of ML/TF risk.

Populate Model With All Relevant Risks

Populate the model with all relevant risk and associated risk attributes.

Perform The Risk Assessment

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.

Continiuous Risk

Triggers to Perform a Risk Assessment

Increased customer base or increased use of your product or service

Increased customer base or increased use of your product or service

Change in the volume or value of transactions

Change in the volume or value of transactions

Significant changes have been made to your product or service

Significant changes have been made to your product or service

Your transaction monitoring identifies unusual patterns

Your transaction monitoring identifies unusual patterns

Your ongoing customer due diligence (CDD) checks show a pattern of unusual activity

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

Checks show an emergence of criminal exploitation of a product or service

External developments that result in the changing of your risk score

External developments that result in the changing of your risk score

Law enforcement communications about the ML/TF risk for your product or channel

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 advisers 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.

Continiuous Risk

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