AML-CFT Services

IRTH Advisors’s AML-CFT services include risk assessments, policy and procedure development, customer due diligence, transaction monitoring, and reporting. A risk assessment is a crucial first step in identifying potential money laundering and terrorist financing risks. IRTH Advisors’s team of experts can help organizations identify the types of risks they face, and develop strategies to mitigate those risks.

IRTH Advisors can also help organizations develop and implement effective policies and procedures to prevent and detect money laundering and terrorist financing activities. These policies and procedures should be tailored to the specific risks faced by the organization, and should be regularly reviewed and updated to ensure they remain effective. IRTH Advisors’s team of experts can help organizations develop policies and procedures that meet regulatory requirements and are appropriate for their specific business. Customer due diligence is an essential component of AML-CFT compliance. Financial institutions and other organizations are required to verify the identity of their customers, assess the risk posed by the customer, and monitor the customer’s transactions. IRTH Advisors can help organizations develop and implement effective customer due diligence processes that meet regulatory requirements and are appropriate for their specific business.

Transaction monitoring is another critical component of AML-CFT compliance. Financial institutions and other organizations must monitor their transactions to identify potential money laundering and terrorist financing activities.

IRTH Advisors’s Sanctions Compliance services include identifying potential sanctions risks, developing and implementing policies and procedures to prevent sanctions violations, and conducting sanctions compliance audits. National and international sanctions regimes are complex, and organizations face significant risks if they fail to comply with these regulations.

IRTH Advisors can help organizations identify potential sanctions risks by analyzing their business operations and identifying areas where sanctions risks may exist. They can then develop and implement policies and procedures to prevent sanctions violations. These policies and procedures should be regularly reviewed and updated to ensure they remain effective.

IRTH Advisors can also conduct sanctions compliance audits to assess an organization’s compliance with national and international sanctions regulations. The audit will identify any areas where the organization is not in compliance with sanctions regulations and provide recommendations for remediation.

Other Financial Crime Risk Management Services
In addition to their AML-CFT and Sanctions Compliance services, IRTH Advisors also offers a range of other financial crime risk management services. These services include fraud prevention, anti-bribery and corruption, and cybercrime risk management.Fraud prevention involves developing and implementing policies and procedures to prevent and detect fraud. Anti-bribery and corruption involves developing and implementing policies and procedures to prevent and detect bribery and corruption. Cybercrime risk management involves identifying potential cybercrime risks and developing strategies to mitigate those risks. AML-CFT and Sanctions Compliance are critical components of a robust financial crime risk management program.