AML smart tools

Deloitte AML Health Check Australias new anti-money laundering (AML) laws may significantly impact your organisations operations. AML Health Check will help you determine where to begin your AML reforms and identify your priorities. Click here to access the Deloitte AML Health Check.

Deloitte AML Health Check

Australias new anti-money laundering (AML) laws may significantly impact your organisations operations. AML Health Check will help you determine where to begin your AML reforms and identify your priorities. Deloitte AML Health Check is an independent, cost-effective and timely assessment of the current state of your organisations readiness for the impending AML reforms. Deloitte AML Health Check identifies areas of AML compliance and non-compliance, provides a high level assessment of the operational challenges your business faces in meeting regulatory expectations and enables you to allocate critical resources based on the risk issues identified. Our experienced AML experts will work with your organisation throughout the Health Check to:

assess the level of readiness of your business for Australias new AML law identify and prioritise operational areas of your organisation where AML reforms will have the greatest potential impact assist you in the planning and prioritising of the next steps for successful AML reform implementation.

Deloitte DDuce The Deloitte DDuce is a tool kit we developed to let clients simply and speedily facilitate a fully compliant assessment of their exposure to risk and so to let them control environment and risk management processes. And, to help identify those areas and/or activities that are most vulnerable to money laundering and terrorist financing. Click here to contact us about Deloitte DDuce. DRigour Our independent review tool DRigour is scalable and cost effective. It is based on our global experience and tailored to the Australian regulatory environment. DRigour uses a scorecard methodology to provide a visual assessment of an organisations AML/CTF program and is capable of quickly drilling down to each component of the AML/CTF program. Click here to contact us about Deloitte DRigour. Money-launderers find the weakest link Deloitte Forensic has extensive experience in providing AML/CTF solutions to organisations in the private and public sectors across Australia, throughout the APAC region and in the global arena. Our experience has provided us with significant innovative experience in the application of AML/CTF laws and regulations. It has also given us insights into the use of leading AML/CTF technologies. We are able to tailor solutions by bringing together high level technical AML/CTF expertise and industry experience. Click here to learn more.

Money-launderers find the weakest link

Deloitte Forensic has extensive experience in providing AML/CTF solutions to organisations in the private and public sectors across Australia, throughout the APAC region and in the global arena. Our experience has provided us with significant innovative experience in the application of AML/CTF laws and regulations. It has also given us insights into the use of leading AML/CTF technologies. We are able to tailor solutions by bringing together high level technical AML/CTF expertise and industry experience. Our previous assignments have provided us with significant experience in the practical application of AML/CTF laws and regulations. Additionally, our teamis constantly working with the relevant Government departments to ensure we understand the specific AML/CTF risks faced by corporations as a result of the Asia-Pacific and proposed Australian legislative and regulatory environment. Senior members of our team are regularly called upon to provide input into the development of regulatory initiatives. We believe that ongoing engagement with AML/CTF regulators and policy makers enables us to provide appropriate and timely interpretation of AML/CTF laws to our clients. We have assisted Australian clients undertake preparatory work prior to release of the new legislation and our experience has given us key insights into the appropriate priorities of implementing new AML/CTF laws as well as exposure to AML technologies.

Using the right tools for anti-money laundering compliance

Technology is one of a number of components in an effective global anti-money laundering (AML) compliance framework. By using current technology tools, organizations can improve their ability to mitigate financial crime risk. PwC has created a set of proprietary AML automated tools and techniques that can help. These tools have been developed by our team of financial services, data, technology, risk and regulatory subject matter specialists. Our tools have gone through several iterations and benefit from the cumulative knowledge of our specialists. They are designed to help our customers meet their complex AML compliance challenges. Our tools include:
Computer Assisted Subject Examination and Investigation Tool (CASEit) : A Web-based tool that facilitates AML compliance, AML transaction monitoring, trade surveillance, operational risk and anti-fraud case management Customer Due Diligence Tool (CDD) : Web-based tool that acts as the single data entry point and risk rating for all existing and new customer and account data in support of Know Your Customer (KYC) requirements. Additional customer and account information captured includes, ultimate beneficial owners, officers/directors (non-individuals and financial institutions only), power of attorney, co-signers, and other related parties Name/entity matching : Sophisticated matching and scoring tools and techniques that improve the searching of account and transaction information across systems, regions and business lines to create one view of the customer or to improve the name/entity screening (e.g. OFAC, PEP, etc) and matching processes (e.g. 314a, subpoenas, NSL, ad-hoc searches, etc) Suspicious activity detection tuning : Advanced methods and techniques that improve the efficiency and effectiveness of transaction surveillance technology. We apply an empirical approach with an emphasis on statistical analysis of historical transaction data and alert output. By analyzing the population of data, institutions can identify trends and patterns and better determine which behaviors fall outside an acceptable

range. Statistical analysis can be a first step in selecting appropriate rules and thresholds. Equally important is the reassessment of the monitored behaviors and thresholds over time. On-going analysis can be used to determine correlations and trends between productive and nonproductive alerts allowing refinements that better target potentially suspicious activity, reducing overall review efforts.

Know your customer quick reference guide : A user-friendly Web-based guide to anti-money laundering legislation and regulatory requirements for nearly 50 countries

Anti-Money Laundering (AML) Source Tool for Broker-Dealers

Date: January 14, 2010 This research guide, or source tool, is a compilation of key AML laws, rules, and guidance applicable to broker-dealers. Several statutory and regulatory provisions, and related rules of the securities self-regulatory organizations (SROs), impose AML obligations on brokerdealers. There is also a wealth of related AML guidance materials. To aid research efforts into AML requirements and to assist broker-dealer compliance efforts, this source tool organizes key AML compliance materials and provides related source information. When using this research tool or guide, you should keep the following in mind: First, securities firms are responsible for complying with all applicable AML requirements. Although this research guide summarizes some of the key broker-dealer AML obligations, it is not comprehensive. You should not rely on the summary information provided, but should refer to the actual statutes, rules, orders, and interpretations. Second, AML rules, regulations, and orders are subject to change and may change quickly. While the information summarized in this guide is current as of January 14, 2010, please note that in July 2007, the SEC approved the establishment of the Financial Industry Regulatory Authority (FINRA). FINRA consolidated the former NASD and the member regulation, enforcement, and arbitration operations of NYSE Regulation. The Source Tool

reflects the historical issuance of AML rules and guidance by the NASD and NYSE as well as new rules and guidance issued by FINRA. Finally, you will find a list of telephone numbers and useful websites at the end of this guide. If you have questions concerning the meaning, application, or status of a particular law, rule, order, or interpretation, you should consult with an attorney experienced in the areas covered by this guide. This compilation was prepared by staff in the Office of Compliance Inspections and Examinations (OCIE), Securities and Exchange Commission. The Securities and Exchange Commission, as a matter of policy, disclaims responsibility for any private publication or statement by any of its employees. The views expressed in this document are those of the staff and do not necessarily represent the views of the Commission, or other Commission staff.1