SERVICE 03 / CASP AML
Financial-Crime Risk Management for Digital Assets
Anti-money laundering and counter-terrorist financing controls are fundamental to the integrity of the financial system.
01 / OVERVIEW
Crypto-asset businesses may face particular risks arising from cross-border activity, rapid transfers, complex ownership structures, blockchain-based transactions and exposure to high-risk counterparties.
02 / HOW WE CAN HELP
Our AML/CFT services can include
- AML/CFT framework design
- Business-wide AML risk assessment
- Customer risk assessment
- KYC framework
- Customer Due Diligence
- Enhanced Due Diligence
- Beneficial ownership procedures
- PEP screening
- Sanctions screening
- Source-of-funds procedures
- Source-of-wealth procedures
- AML policies
- Compliance procedures
- Staff training
- Independent framework reviews
03 / IN FOCUS
KYC and Customer Due Diligence
KYC establishes who the customer is and helps determine the nature and level of risk associated with the relationship.
Customer Due Diligence continues beyond initial identification. It can involve understanding the purpose of the relationship, assessing risk, monitoring activity and maintaining appropriate customer information.
04 / IN FOCUS
Risk-Based Approach
Effective AML/CFT compliance should be proportionate to the risks faced by the business.
Our approach therefore considers:
Customer Risk → Product Risk → Geographic Risk → Transaction Risk → Delivery Channel Risk
AML / CFT & KYC