Anti-Money Laundering Compliance Screening & Outsourcing

Extending business abroad, raising capital from global investors, and serving global customers all offer the opportunity for significant rewards. 

However, these potential rewards also bring with them the regulatory burden of understanding the background, identity and reputation of the people and companies involved. Kroll’s next-generation, technology-enabled solutions screen customer litigation, regulatory and media records, and identify potential Anti-Money Laundering risks.  When warranted, we enhance preliminary research to understand the context around these potential Anti-Money Laundering risks and then, if necessary, assist our clients in flagging and reporting them properly on a timely basis.

We offer these Anti-Money Laundering compliance screening solutions on a consultative and outsourced basis.  The advantages of outsourcing Anti-Money Laundering compliance to Kroll are many: clients can leverage the experience of our analysts to assess broader portfolios of customers and investors in a shorter amount of time, with much great flexibility to scale based on need, and at a lower cost than assembling and maintaining an in-house team.

Case Study: Financial Services Firm Outsources AML Screening Function
Rather than building an internal team and capability, a leading financial services firm engaged Kroll to assume its AML screening and diligence functions.  We started by consulting with the client on screening policy and developed the client’s risk matrix. We have dedicated off-site resources engaging with our client's professionals via our Due Diligence Portal to handle their AML research and diligence for all of its key practice areas: private equity, hedge funds, financing and high net worth businesses.  The program includes diligence for public and private investment opportunities, investors, clients and vendors. 

Case Study: Multi-national Bank Looks into Sources of Wealth of Kazakh Customer
The client, a large multi-national investment bank, approached Kroll for a due diligence review on an individual from Kazakhstan who had an existing relationship within the client’s private wealth business.  Our client warned us that there was some recent suspicious activity on the subject’s account and that the account had been opened prior to the client’s adoption of stringent due diligence requirements. Our public record reviews revealed little information to verify that the subject was in fact affiliated with his stated corporate affiliations.  Discreet inquiries with trusted sources revealed that the subject, although never formerly investigated or charged with criminal offences, was believed to be connected to organized criminal activities. The subject’s wealth appeared to be derived from corrupt activities and not legitimate business practices, and the bank.  Based on our findings, the bank discontinued its business relationship with the client.