Anti-Money Laundering and Counter Terrorist Financing | KPMG | ZA

Anti-Money Laundering and Counter Terrorist Financing

Anti-Money Laundering and Counter Terrorist Financing

KPMG Forensic’s Anti-Money Laundering and Counter Terrorist Financing team is uniquely placed to assist member firm clients in protecting themselves.

Anti-Money Laundering and Counter Terrorist Financing

The legal and regulatory requirements relating to Anti-Money Laundering and Counter Terrorist Financing (AML/CTF) are ever-increasing and becoming more onerous.

How KPMG Forensic can help

Based on our extensive experience, the KPMG AML/CTF Regulatory Compliance team assists clients to adopt compliance principles in line with better practice, tailored to each client’s business model and strategy. Our experience in assisting clients to holistically assess and responding to their ML/TF risk profile, not only on a customer level, but also on a portfolio and enterprise wide level, places us in a unique position to advise clients on the practical implications of the 2016 FIC Amendment Bill and to assist clients in transitioning to a comprehensive Risk Based Approach.

The KPMG team

In partnering with KPMG, clients obtain access to a team with:

  • Specialised skills, comprising 29 professionals
  • A proven track record
  • Access to advanced AML technology and global methodologies
  • The capability to successfully execute projects in prescribed time frames

Our service offerings:

The KPMG team can provide assistance across a broad spectrum of AML/CTF regulatory compliance and risk management services. 

  • 2016 FIC Amendment Bill readiness assessment
  • Risk Based Approach AML/CTF risk management and compliance programme
  • Regulatory risk assessment
  • AML and CTF Conformance reviews
  • Governance Framework
  • AML and CTF training
  • KYC reviews and remediation
  • Transactions, customer and payment screening
  • Annual reviews of High Risk Customers
  • Bulk risk ratings of customer

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