Our People – Insights & Experience
As one of the world’s premier corporate strategy consulting firms, AKW helps leading enterprises develop, build, and operate strong businesses that deliver sustained shareholder value growth. We look at strategy from the “outside in,” finding strategic insight through a robust understanding of current and future customer priorities. We harness thought leadership in the areas below to deliver breakthrough recommendations to clients.
Anti Money Laundering (AML)
Training is one of the most important ways to stress the importance of anti-money laundering, as well as educating employees about what to do if they encounter potential money laundering. Regulations and laws require financial institutions to have formal, written AML compliance programs. The effectiveness of any AML/CFT legal framework hinges on the ability of staff to apply the provisions of the relevant laws, regulations and company policy as they are intended. This is not as straight forward as it may seem; often rules need to be interpreted in the daily work to become effective deterrents against financial crime.
Fraud Management Training
This workshop will give participants detailed overview of fraud, its effect on Financial Institutions, looking at a wide range of financial crime scenarios to develop a deep understanding of these issues from a theoretical and practical perspective. The program will aim to develop skills to help the institution minimize their exposure and risk to this growing area of fraud, using current trends and typologies to adequately establish frameworks for continued deterrence.
Risk Management & Solution
We encourage our clients to embrace a broader perspective of risk keeping in view their strategic goals, vision, opportunities, objective, change management and internal controls so that it encompasses the broader business risks. Focusing on business risks from a broader perspective provides better insights into risk and its ramifications. Better insights should lead to better risk management, enhanced results, and fewer surprises, thereby enabling the organization to stay ahead of the curve.
Due Diligence Services
The objective of KYC guidelines is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering activities. Related procedures also enable banks to better understand their customers and their financial dealings. This helps them manage their risks prudently. Banks usually frame their KYC policies incorporating the following four key elements:
Customer Acceptance Policy;
Customer Identification Procedures;
Monitoring of Transactions; and
Recent regulatory measures across the world have made rigorous due diligence key – AKW provides end to end KYC & FATCA remediation programs
Corporate Center and Shared Services
AKW is highly successful in helping clients to improve speed-to-market and efficiency by implementing best practices in shared services, where support functions are industrialized to provide better, faster services to business units at less cost.