Criminals launder the financial proceeds of their crimes in order to make them appear legitimate. The potential damage to a company's reputation and future business prospects from involvement, innocent or otherwise, in money laundering is vast.
In addition, financial regulators in many jurisdictions have made it clear that action will be taken against organizations and individuals who do not introduce effective AML systems and controls.
KPMG's AML professionals can help clients to:
||Formulate, review and improve their AML policy |
||Train relevant staff on their responsibilities |
||Provide due diligence reviews on customers, suppliers and other third parties |
||Select appropriate AML systems |
||Carry out money laundering investigations and reviews.|
We also have a wealth of experience in dealing with, and working for, many regulators throughout the world.