Amdeya has strong best-in-class regional and global expertise in regulatory compliance, with particular strengths in advising on AML/CFT and sanctions compliance.
Amdeya’s consultants have provided compliance assessments to tens of banks and financial institutions in the region and globally. These included the largest AML/CFT assessment for a bank in the MENA region. Amdeya’s consultants also advised one of the largest economies in the MENA region on meeting FATF requirements.
An assessment usually ends with a detailed roadmap to strengthen compliance in more than one area. The roadmap would be based on a gap analysis against international and country regulations and best practices.
An AML/CFT assessment typically includes AML/CFT governance at the management and Board levels, as well as at the three lines of defense. Amdeya's Compliance assessments also include all or some of the main areas of AML/CFT and Sanctions listed below.
1. Business Model
2. Risk Assessment and Risk Appetite
3. Oversight and Governance
4. Reporting and Escalation
5. Policy and Procedures
6. KYC Processes
7. Transaction Monitoring Program and Case Management
8. Suspicious Transaction Reports
9. Sanctions Compliance
10. Structure and Staffing of the AML/CFT Function
12. Independent Testing
13. Correspondent Banking
14. Trade Finance
15. Regulatory Compliance Monitoring
The advice Amdeya’s consultants provide comes usually at the request of Chief Compliance Officers, CEOs, Board of Directors, Regulatory Authorities, or Correspondent banks.
It should be noted that Amdeya's Regulatory Compliance practice includes more than AML/CFT. It also includes regulatory capital and liquidity planning, and risk management requirements (particularly those related to credit and market risks). Amdeya has also a strong practice in the rapidly evolving regulatory guidelines and requirements involving Consumer Protection and ESG.
For more information on how Amdeya can help in providing compliance advice, you can contact email@example.com.