Anti-Money Laundering Specialists

  • Alacer’s experienced antimoney laundering specialists design, develop, and implement effective process and system solutions for financial institutions. We help our clients strengthen AML and compliance controls while improving efficiency through the application of the right mix of people, process, and technology.

The Alacer Team’s Specialized AML Experience

  • Counseled governments on regulations, guidelines, investigations, and reporting of money laundering, terrorist financing, and fraud
  • Advised senior compliance and AML staff on regulatory and AML operations matters
  • Served as BSA/AML Examiner-In-Charge and Senior Risk Specialist in the Federal Reserve Bank of New York
  • Developed and customized case management and KYC system solutions
  • Investigated multibillion dollar money laundering schemes
  • Deployed and managed Transaction Monitoring and KYC remediation teams

 

People

Alacer’s team members are at the top of their respective fields. We’ve worked with global banks, governments, and regulatory agencies to identify risk, fraud, and operational weaknesses. Alacer-driven initiatives save clients millions of dollars, mitigate reputational risk, and streamline operations to reduce operational risk and the cost of compliance.

The Alacer Team’s Specialized AML Experience
Counseled governments on regulations, guidelines, investigations, and reporting of money laundering, terrorist financing, and fraud
• Advised senior compliance and AML staff on regulatory and AML operations matters
• Served as BSA/AML Examiner-In-Charge and Senior Risk Specialist in the Federal Reserve Bank of New York
• Developed and customized case management and KYC system solutions
• Investigated multibillion dollar money laundering schemes
• Deployed and managed Transaction Monitoring and KYC remediation teams

Practice Leaders

Process-Driven Technology

Our goal is to ensure compliance while eliminating waste—wasted time, wasted resources, wasted money. While every institution has unique processes, we pride ourselves on customizing our process to your needs. Our Lean Kaizen approach and Six Sigma expertise enables streamlined procedures and added efficiency for bottom-line results.

Efficient systems rely on process-driven technology. Our custom system solutions mirror AML processes, focusing the power of big data technologies and advanced analytics to identify, investigate, and combat money laundering and fraud with integrated solutions. Whether it’s assessing and revamping internal Know Your Customer procedures or using big data to help financial institutions transform their AML operations, the Alacer team has the tools and knowledge to successfully complete projects, on time and on budget.

 

Services & Expertise

Program Development, Implementation, or Enhancement

  • Development of risk assessments
  • Performance of risk and control GAP assessment
  • AML metrics and reporting design
  • Acquisition due diligence and risk assessment
  • Customer risk assessment model design and review
  • Customer risk rating and risk factor review
  • AML technology solutions (monitoring software / case management tools)
  • Training, policy & procedure development

AML Program Examination, Testing, and Remediation

  • Design and implementation of comprehensive risk management programs
  • Regulatory enforcement and legal order remediation
  • Independent audit and testing
  • Offshore bank AML reviews for U.S. counterparties
  • Examination management
  • Examination response
  • Issues tracking and enforcement action remediation
  • Fraud risk assessment

Program Component Enhancement

  • Trade-based AML review
  • Offshore subsidiary KYC file review
  • OFAC program review
  • Account opening and renewal process design and standards
  • Policies and procedures development / implementation / review
  • Design and delivery of training programs for management, and employee file review procedures and templates
  • RFI process design, procedures, metrics, and reporting
  • QC and compliance testing program design and review
  • SAR workflow, quality, and data analysis