Risk, Anti-Money Laundering (AML) & Compliance Services
We serve small to medium financial services firms and non-profit organizations.
Our aim is to provide strategies to minimize the risk associated with financial crimes and money laundering and to ensure holistic development and management of ongoing compliance processes and programs.
Our specialties include risk assessments, business continuity plans and independent AML program reviews.
Meet Derek Smith Jr, Risk & Compliance Consultant from Nassau, Bahamas.
He is a certified member of the Association of Certified Anti-Money Laundering Specialists (ACAMS)
With over fifteen (15) years of experience, including business risk management, compliance, internal/external audit, corporate and other accounting services, Derek brings a holistic approach to compliance.
He is also a featured columnist on compliance and risk topics.
Areas of Practice
Risk Assessments
The foundation of a great AML Compliance program is a risk assessment. Companies looking to identify their current strengths and vulnerabilities should start here.
Business Continuity Plans
A strategic management process that focuses on minimizing social and economic fallout in a company due to disruption in normal activity. Companies looking to develop holistic strategies to enhance current disaster recovery plans.
Independent AML Compliance Program Reviews
For regulated entities, it is critical to establish a framework consisting of policies and programs aimed at mitigating fraud and complying with anti-money laundering regulations. We provide companies with practical solutions to remediate compliance and regulatory risk.
As per Financial Transaction Reporting Act 2018 (Section 19 (CIII)) all regulated entities are required to ensure ongoing training for statutory directors, officers and employees to maintain awareness of the laws and regulations related to identified risks. Customized training for all levels is available.