Detection. Prevention. Compliance.
Naminum brings extensive knowledge of the financial
services sector's different facets and regulatory compliance.
Our experts assist clients in adhering to regulatory
requirements, dealing with enforcement actions, by putting
in place specialized risk-based policies and procedures.
Naminum provides the following services:
AML Strategy
- Evaluation, analysis, and development of AML policies and procedures tailored to the industry.
- Evaluation of AML Compliance Programs by a third party.
- Cybersecurity encompassing data categorization and governance, asset management, physical security, and environmental controls, as well as third-party vendor management and onboarding training.
AML Response
- Aid in formulating regulatory replies and working with external lawyers in regulatory enforcement proceedings.
- Assist clients in preparing for audits and in responding to anomalies raised by the regulatory body.
Naminum’s effective strategy, developed by AML experts, covers the whole onboarding and client monitoring process for regulated firms. To combat money laundering and criminal financing schemes, we utilize the most advanced tools.
Naminum’s process evaluates the risks to businesses from financial crime exposure. Our method aims to pinpoint the elements of the company that could expose it to money laundering or terrorist financing.
By consistently applying regulatory guidance, best practices, and requirements of financial institutions and other supervisors, regulators, and law enforcement officials around the world, Naminum gives its clients confidence.
AML Compliance
- Carrying out AML/CFT audits for regulated institutions to make sure they abide by CIMA audit standards.
- Implementation of the company's KYC (Know Your Customers)/CIP (Client Identification Program)/CDD (Customer Due Diligence)/EDD (Enhanced Due Diligence) program, in addition to providing support in this area. This includes handling of Politically Exposed Persons ("PEPs") and other high-risk customer categories.
- Assistance with processes for monitoring suspicious activities.
- Qualitative evaluations of Suspicious Activity Reports (SARs) based on the most recent guidelines, including the rewriting and submission of amended SARs and investigative analysis associated with the SAR decision-making process.
- AML Risk Evaluation.
- Industry-specific AML training.
- Every one of these service packages is customized to the specific requirements of the client in question, considering any modifications to the regulatory and anti-money laundering environment.