AML and KYC Assistance

AML and KYC Assistance

If you would like more information on how we can provide AML/KYC assistance, please click here.

ComplianceAsia has been actively engaged in AML/KYC projects since our founding in 2003. Alex Duperouzel first began AML work in the early 1990's when it only related to the prevention and interdiction of funds relating to drug trafficking.

Since those early days financial crime related intelligence, strategy and tactics have broadened to include a much wider range of crimes, anti-corruption policy and procedures, stopping terrorist financing, dealing with tax crime and the ever changing world of sanctions enforcement and screening. There has also been a considerable broadening of the impact of global rules beyond just banks to securities firms, asset managers and custodians and then to accountants, law firms, trust companies, real estate agents. Soon that will be further extended to dealers in commodities, auction houses, the art world and Crypto. As the FATF formulates policies relating to wildlife smuggling and green crime, we will be there monitoring the new rules and designing compliance policies and procedures.

We have always been at the forefront of these developments, monitoring policy formation and then providing up to date relevant guidance and support to institutions and companies impacted by the rules.

Our services in AML are comprehensive. Here is a sample of what we have worked on:

  • - Drafting manuals across multiple jurisdictions and rule sets;
  • - Draft and review AML and CFT procedures;
  • - Conduct AML mock inspections and reviews;
  • - Undertaking AML due diligence on counterparties, administrators and trustees;
  • - Reviewing group wide, company wide or specific product risk assessments;
  • - Screening against customer lists for sanctions or adverse news;
  • - Reviewing PEP decisions or assist in the risk assessment particularly for fund managers deciding on a new investor;
  • - Remediation of client files across a wide range of financial services entities including banking, wealth management, fund management, private equity and broking;
  • - Taking on a portion or the full range of KYC procedures for regulated entities on a temporary or longer term basis;
  • - Respond to AML regulatory inquiries particularly in Hong Kong SAR, Singapore and the Cayman Islands;
  • - Preparation and filing of suspicious transactions reports;
  • - Consulting on suspected financial crime and the implications for financial services entities;
  • - Financial crime investigations in Hong Kong SAR and Singapore;
  • - Training, both online and in person on a wide range of AML/CFT topics as well as preparing content for industry associations and public events;
  • - AML Compliance Officer, AML Reporting Officer and AML Deputy Reporting Officer appointments in relation to Cayman Islands funds;
  • - Drafting policies and procedures and providing training for Hong Kong trustees registered with the Company Registry in Hong Kong SAR;
  • - Expert advice to overseas AMLRO's in relation to Asian AML/CFT issues;
  • - Design of AML/CFT policies and procedures for fintech and Crypto firms; and
  • - AML support for Singapore Variable Capital Companies, or VCC's.

We are comfortable completing our work in English, Chinese (both simplified and traditional) and Japanese.

If you have an AML/CFT or KYC issue then we have probably dealt with it before and can help you with it.

Alex Duperouzel heads our practice area. He is based in Hong Kong. He works alongside Suzanne Callister who is a director of our specialist entity, AML Services Ltd. in Hong Kong.

Our team covering North Asia is led by Justin Fletcher who is based in Hong Kong.

Our team covering ASEAN includes Hardy Hussain, Head of AML Services South East Asia, and Desmond Toh, Financial Crime Compliance Consultant, who are both based in Singapore

For UK AML issues, including inquiries regarding AML and the art industry, our Senior Representative for UK and Europe, Rob Lind, can assist you. He is based in our London office.

If you would like more information on how we might be able to help you with AML/KYC, please click here.

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