Anti-Money Laundering
AML Compliance Solutions
We have subject matter experts and practitioners to advise on a range of AML issues from routine challenges, audits and health-checks to complex matters requiring more in-depth assignments, including conducting AML remediation reviews and risk assessments.
Our Process
In the UK Regulated Firms are legally obligated to assess their business for risk of Money Laundering and Terrorist Finance and implement appropriate policies, preventative controls and processes.
Laven have been providing Anti-Money Laundering (AML) consultancy services to regulated firms for over 15 years. Our procedures capture the information required to demonstrate compliance with the regulations for typical MiFID and AIFM firms as well as payment processing and digital asset firms providing processes and verifications as need be.
AML Framework Support
Laven's Anti-Money Laundering consultants can create bespoke compliance frameworks for regulated entities that include
AML Compliance Framework
Laven can help produce an AML compliance framework for regulated clients which would involve:
- the authoring of an AML risk assessment (Enterprise Risk Assessment and Client Onboarding Risk Assessment);
- the creation and implementation of an AML Policy; and,
- the creation of robust AML policies and procedures.
AML Audit Services
As well as drafting a new AML framework, Laven can review a firm's current framework. This can either be part of an internal review by a company looking to improve its AML Policies and Procedures or as part of an independent review where a client is trying to ascertain an AML risk rating to them.
Our consultants are always on hand to help identify the actions your firm needs to take to ensure you are aware of and compliant with new regulations and directives such as 5AMLD and 6AMLD.
AML Remediation Support
Laven can also support firms who have been asked to implement an AML remediation process by the regulator as well as a legally enforced AML audit assessment from an independent consultant. Laven will support firms in responding to the regulator's feedback on their AML Policies and put in place a robust framework that will satisfy their concern.
AML Training
Laven's bespoke online training platform offers a range of AML and regulatory modules designed to ensure employees have the correct knowledge and expertise to remain compliant. If desired, all our online training courses can be supplemented or completely converted into an in-person (or webinar) training session undertaken by one of our senior consultants.
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