Boosting a top-tier investment firm’s anti-money laundering compliance team to support its long-term growth

Our consultants helped a large financial services organisation gain a competitive edge by meeting the complex due diligence and regulatory needs of its investors.

Big Tick

Increased ability and capacity to take advantage of the growing AIF market.

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Anti-money laundering and know your customer service targets surpassed.

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Relationships with key investors strengthened.

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New policies implemented that ensure the business can adapt to evolving regulations.

Challenge

Compliance with dynamic anti-money laundering (AML) regulatory requirements is critical for any investment firm eager to take advantage of the growing alternative investment funds (AIFs) market.

With that in mind our client wanted to make sure it maintained high AML standards for its complex AIFs domiciled in Luxembourg, while it underwent an organisational transformation. It also wanted to develop policies and procedures that would enable it to provide its know your customers (KYC) service effectively day-to-day and adapt to shifting demands in the future.

At a time of greater scrutiny from national and international bodies, the risks of financial penalties and reputational damage are heightened. In this environment, higher risk investors increasingly require enhanced due diligence (EDD) which our client had to offer to remain an attractive option. The onus was on us to deliver an expert team that could provide the right support straight away.

Challenge

Solution

We assembled a team of consultants with deep KYC knowledge that could hit the ground running and keep up the pace to provide effective long-term support.

They worked closely with internal stakeholders to quickly develop an understanding of the firm’s policies and procedures. By combining this with their in-depth knowledge of AML global standards and investment funds, they could deliver the KYC capabilities both regulators and investors needed from day one.

This included effectively applying EDD to global investors in AIFs which are subject to varying regulations, both during the onboarding process and as a critical ongoing service.

To make sure the benefits were embedded in the business, our consultants were integrated into it. This enabled them to use their experience to develop strong relationships with AIF managers, becoming invaluable representatives of the organisation.

Solution

Results

Our consultants provided the highly specialised and complex skillset required to administer AIFs and ensure compliance for our client and their investors.

Successes include:

  • Our client’s key relationships with investors were developed and strengthened by our consultants.
  • All AML and KYC service targets were surpassed.
  • Our consultants contributed to the development and implementation of policies and procedures that will ensure strong internal oversight and external regulatory compliance both now and for the future.

Ultimately, putting our client in a strong position to take advantage of the evolving AIF market.

Results