At ExeSTAT we understand the requirement of a comprehensive and cohesive AML-KYC lifecycle management for our BFSI clients that provides an unified and accurate view of regulatory risks and operational vulnerabilities. Our AML and Financial Crimes practice offers advisory services and solutions to assist organization in the BFSI industry to address money laundering violations, threats and legal & regulatory concerns. Expertise in areas like AML, KYC, CDD/EDD, Risk Based customer onboarding approach, Foreign Corrupt Practices Act (FCPA), FATCA, Transaction Monitoring, Sanctions Screening and Anti-Bribery, and related cybersecurity services. Exestat with our partners assist our clients to mitigate the regulatory, operational, and reputational risks associated with their business functions. 

Exestat’s experienced team operates with an integrated understanding of compliance expertise and   knowledge supported by data analytics, deliver insights that ensure efficient and economical AML-KYC operations and positive customer experiences across the globe. Our experts are appraised on latest changes in AML regulations & solutions, help clients identify the appropriate corrective actions. Many have audit backgrounds and relevant professional certifications including Certified Anti-Money Laundering Specialist (CAMS), Financial Risk Manager (FRM), Certified Internal Auditor (CIA), Certified Information Systems Auditor, and Certified Fraud Examiner (CFE). We help identify and address weaknesses in the existing AML policies, procedures, governance & operations and related solutions; select, develop and implement new AML framework; and implement key technology innovations to significantly improve the productivity, scalability and quality of clients’ AML compliance environment.

As a part of our technology consulting services, our domain experts conduct detailed analysis of existing AML solutions, evaluating their complexity, hosting infrastructure, technology components maturity & age, scalability, adaptability, availability, performance, user community survey, known issues, etc., before issuing a detailed report for fitment and with the identified non conformities (to be explored) and risk threats (to be mitigated), and to strategize the applicable course of action, which includes solidification of existing AML solutions, application of technology innovations

Our process competence champions actively engage with our clients in evaluating their end-to-end AML processes, as well as identifying the efficiency and performance holdups to be addressed with latest regulatory mandates, technology efficacy, framework implementation and process automation.

Consulting

• AML Program Independent Audit and Risk Management
• Development of AML and KYC/CDD Policies and Procedures 
• BSA, PMLA, OFAC (SCP) compliance Management
• Customer / Loan File Testing
• Branch Visits and Market Intelligence Gathering through database searches and Field Visits
• Review of STRs | CTRs Reporting Mechanism to FIU As Per Master Circular Requirement Issued By RBI Regularly
• AML Compliance operations setting and culture creation
• AML SOPs review, Transaction Monitoring system tuning, Sanctions Screening regimen review and Beneficial Ownership assessment
• Technology acquisition support
• Controls of Anti-Money Laundering

1. Know Your Customers
2. Criminalization
3. Red flags Management and Logging of Transaction monitoring Record
4. Innovative Technology & Market Intelligence

Our Risk based approach for customer screening cover:

Customer Identification Program (CIP) | Customer Due Diligence (CDD) | Enhanced Due Diligence (EDD) |Politically Exposed Person (PEP) | Specially Designated National (SDN)| Adverse Media checks for Negative News (NN) to support

Training

• Web-Based, On- and Off-Site Training
• AML compliance overview
• Staff Red Flag Training
• Compliance Team Operations training
• Board of Directors / Sr. Management Consult

Click here to view the training program in detail…