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 and the art world.
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.
We draft manuals across multiple jurisdictions and rule sets, draft and review procedures, conduct mock inspections, undertake due diligence, review risk assessments, screen against customer lists, review PEP decisions, remediate client files, respond to regulatory inquiries, conduct training and take on the function of the reporting or compliance officer for clients. We have provided services to a number of startups to ensure that they have relevant and effective AML in the changing world of fintech and regtech.
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. Hardy Hussain is the Head of our Singapore practice in this area.