Full AML, CTF and KYC Review for a Multilateral Development Bank
Multilateral development bank | Risk & regulation | Supranational
The challenge: A multilateral development bank required a comprehensive review of its Anti-Money Laundering, Counter Terrorist Financing and Know Your Customer functions — covering its risk-based approach, technology and operational processes — and wanted findings presented to senior management and a consultant working group.
What New Link Consulting did:New Link Consulting's Anti-Financial Crime Practice team conducted stakeholder interviews and function reviews, produced process maps for Anti-Money Laundering and Counter Terrorist Financing onboarding and periodic review, completed a high-level Money Laundering and Terrorist Financing risk assessment covering inherent and residual risks, performed a technology gap analysis and benchmarking review, and presented findings across three structured workstreams to senior stakeholders.
The outcome: A set of recommendations to enhance the bank's Anti-Money Laundering and Counter Terrorist Financing risk-based approach, a technology report covering gap analysis and medium-term capital expenditure recommendations, and a series of presentations to senior management with a roadmap for improving the risk-based approach and operating model.
