WB provides regulatory compliance services and can assist you in ensuring you meet your Anti-Money Laundering (AML) compliance needs. We can also provide a qualified professional to serve as your outsourced Fund’s AML Officer.
WB’s Anti-Money Laundering Services
Anti-Money Laundering compliance involves knowing your clients, where the source of funds originates and determining the identities of all counterparties. With regulatory, reputational and financial implications, RIAs must ensure they are compliant with all rules and regulations. New ways to launder money and engage in other fraudulent activities are created each year and AML policies and procedures need to be updated and tested to protect your firm from this type of breach.
· Provide a qualified AML Officer.
· Draft or review the adequacy of the AML compliance policies and procedures to incorporate any new or changed regulations.
· Design or review risk-based testing methods for the AML program’s policies and procedures.
· Perform and document independent testing of AML program control procedures.
· Provide initial/annual AML training.