As regulatory scrutiny intensifies globally, compliance with Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) regulations is crucial for technology, fintech, and financial SMEs. Adramyt offers specialised AML and CFT consultancy services, designed to help clients navigate complex regulatory frameworks, minimise financial crime risks, and protect their operations from reputational and legal threats. Our expertise in AML and CFT compliance ensures that clients meet both domestic and international regulatory standards effectively and efficiently.

Key Components of Our AML & CFT Consultancy:

1. Risk-Based Approach Implementation

   • We assist clients in adopting a risk-based approach to AML and CFT, focusing resources where they are needed most to mitigate potential risks. This approach aligns with global standards such as those set by the Financial Action Task Force (FATF).
   • Risk Assessment Frameworks: Adramyt helps develop comprehensive risk assessment frameworks that categorise customers, transactions, and geographical regions by risk level, ensuring enhanced scrutiny for high-risk areas.
   • Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD): We provide guidance on establishing CDD and EDD processes tailored to risk levels, helping businesses verify customer identities accurately and conduct in-depth assessments for higher-risk clients.

2. Transaction Monitoring Systems

   • Effective transaction monitoring is a cornerstone of AML compliance. We design and implement advanced transaction monitoring systems that identify unusual activity and detect potential financial crime in real-time.
   • Rule-Based and Behavioural Monitoring: Adramyt leverages both rule-based and behavioural monitoring approaches, configuring systems to detect red flags indicative of money laundering or terrorist financing.
   • Alert Management and Case Investigation: We assist in setting up alert management workflows and provide training on case investigation processes, helping compliance teams prioritise alerts and conduct thorough investigations.

3. Suspicious Activity Reporting (SAR) and Regulatory Reporting

   • Adramyt supports clients in meeting regulatory reporting obligations, particularly in the area of Suspicious Activity Reporting (SAR). We guide clients on when and how to report suspicious transactions to relevant authorities, ensuring full compliance.
   • SAR Preparation and Submission Protocols: We develop protocols for preparing and submitting SARs in a timely and compliant manner, minimising the risk of penalties due to delayed or incomplete reporting.
   • Reporting Automation: Where feasible, we implement automated reporting systems to streamline the SAR submission process and reduce the administrative burden on compliance teams.

4. AML/CFT Policy and Procedure Development

   • A robust AML/CFT policy is essential for regulatory compliance. Adramyt assists clients in developing comprehensive AML and CFT policies and procedures that are customised to their business model and aligned with regulatory requirements.
   • Policy Drafting and Review: We draft AML/CFT policies that cover all necessary areas, including customer onboarding, ongoing monitoring, and incident reporting, ensuring that policies are both practical and compliant.
   • Periodic Policy Updates: Given the evolving nature of AML and CFT regulations, Adramyt provides ongoing support for policy reviews and updates, ensuring that clients remain compliant with the latest regulatory changes.

5. Training and Awareness Programs

   • Employee training is a critical component of an effective AML/CFT compliance program. Adramyt offers customised training programs for employees at all levels, from frontline staff to compliance officers, ensuring a thorough understanding of AML/CFT obligations.
   • Tailored Training Modules: Our training modules cover key topics such as identifying red flags, conducting CDD, and handling SARs. Training can be tailored to specific roles within the organisation to maximise relevance and impact.
   • Ongoing Compliance Education: In addition to initial training, we provide regular updates and refresher courses to keep staff informed about emerging risks and regulatory developments.

6. Independent AML & CFT Audits

   • Regular audits are essential to assess the effectiveness of AML/CFT measures. Adramyt conducts independent audits to evaluate compliance program efficiency, identify potential gaps, and provide actionable recommendations for improvement.
   • Gap Analysis and Risk Remediation: We perform detailed gap analyses to assess compliance with regulatory standards, advising on remediation actions to address any deficiencies.
   • Audit Reporting and Compliance Improvement: Our audit reports offer clear insights into the strengths and weaknesses of a client’s AML/CFT framework, providing a foundation for continuous improvement.

7. Global and Cross-Border Compliance Guidance

   • For businesses operating across borders, adhering to multiple jurisdictions’ AML and CFT requirements can be challenging. Adramyt provides guidance on aligning with both local and international AML standards, helping clients operate seamlessly in diverse regulatory environments.
   • International Compliance Alignment: We support clients in aligning with international AML standards, including FATF guidelines and regional regulations, ensuring comprehensive compliance in cross-border operations.
   • Cross-Border Risk Assessment: Adramyt conducts cross-border risk assessments to identify jurisdiction-specific risks and develop mitigation strategies tailored to each market.