We advise firms on the most effective operational strategy for executing AML/KYC/COB given the firm’s geographical coverage and customer mix and develop Target Operating Models and Road-maps to achieve them.
We consider issues such as:
- Client out-reach models and client experience.
- Three lines of defence, internal organisation and reporting lines.
- AML Framework, Policies & Procedures
- Escalation models.
- Staffing levels and the optimum balance of experts versus more cost-effective personnel.
- In-house versus out-sourced, including KYC Utilities
- On-shore versus off-shore (and near-shore).
- Effective data management across the COB lifecycle.
- Banking Secrecy and Data Security requirements.
- Systems and workflow automation for both COB and KYC.