BMR Advisors - Financial Crimes Compliance Services. These constitute - Anti-Money Laundering, Anti-Bribery Compliance, Fraud & Forensic Services and Data & Database Services. Their applicability is across countries, geographies and sectors,
3. Reported instances of bribery and corruption have been on
an upswing, over the last 2 decades. As businesses continue
to expand across geographies and engage in international
transactions, their vulnerability to instances of bribery by
employees, subsidiaries and third parties increases.
Under the FCPA, UKBA & other global Anti-Bribery laws, the
increasing number of regulatory investigations & actions has
resulted in billions of dollars of fines, criminal charges and
extensive reputational damage.
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We have conducted diligences in Africa, APAC and a
number of engagements on implementing & fortifying
existing ABC mechanisms, especially by leveraging the
right tools and technology. Analytics has been a key driver
for case monitoring.
Money laundering and terror financing is made possible
by the misuse of established banking and global
financial channels. AML regulations such as the FATF
recommendations, Patriot Act, FSA guidelines and
KYC norms mandate financial institutions to implement
comprehensive AML measures and report suspicious
activities by developing a holistic program. However,
organizations continue to struggle with business pressures,
enhanced global norms and sophisticated money-launderers
who have shown to be far more agile and inventive.
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Our experience with top Wall-Street banks covering over
240 jurisdictions, 30+ language capabilities and work
done in 25+ countries has enabled us to develop practical
regulatory know-how on BSA & Patriot Act and deployable
resources to solve AML challenges, globally.
ABC Program Setup
Establishing a business
specific ABC program based
on local & global regulations
and on-ground realities
ABC Diagnostic
Organization specific high
level or deep dive health
check-up of ABC program
and process effectiveness
Third Party Due
Diligence
Red-Flag Monitoring Market Intelligence
Diligence of Third Parties,
Business Partners & Vendors
based on perceived risk
levels and maturity of
relationship
India Program
Expert advice to counsel,
compliance officers and
audit departments regarding
India specific ABC gaps and
challenges
Monitoring of media, legal,
reputation, regulatory,
shareholding & PEP red
flags by leveraging tools and
research
Discreet or overt
investigations to assess
possible corruption and
bribery instances & red flags
using market relationships
Leveraging Analytics to
identify red flag transactions,
processes & relationships for
bribery violations
Anti-Bribery Analytics
Linkage Analysis
Assessing possible linkages
between third parties,
vendors, business partners,
employees, management
and PEPs
OurServiceOfferings
AML Compliance
Setup
Screening
Establishing an AML program
based on organizational,
regulatory and relevant KYC/
AML/CFT norms
Setup and support in
Regulatory, Operational,
Financial & Reputational
screening by using red flags,
rules, scenarios and cut-offs
Transaction
Monitoring
Rogue Websites
Monitoring
FATCA Compliance Risk Based
Framework
Setup and support in
establishing technology,
analytics, thresholds,
scenarios for evolving
transactions red flags
Monitoring rogue websites
which may be involved in
money laundering, fraud,
counterfeits, malware & theft
Identification, classification,
calculation, withholding,
reporting, account
remediation, designing &
testing support
Foundational element of
a holistic AML program
to ensure optimization,
efficiency, scalability &
resource focus
Sanctions Compliance
PEP Screening
Setup, Test & Execution of
processes for Customer,
Third Parties against National
& International Sanctions
Lists
Screening of Third Parties,
Entities, Individuals, Clients,
etc. to establish relationships
to Politically Exposed
Persons (PEPs)
OurServiceOfferings
1. Anti-Bribery Compliance
2. Anti-Money Laundering
4. The risk of fraud exists across industries, entity types,
departments and geographic areas. The recent spike in
investment activity and economic growth has also led to the
uncovering of varied typologies of frauds, misappropriations
and nefarious schemes by employees, stakeholders and
third parties. There is a need to identify and assess the
source of these issues to safeguard shareholder value.
However, it is impossible to do so, by only using conventional
investigative techniques.
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Over 400 Diligences & Forensic Investigations carried out
across Industries and jurisdictions by leveraging best in class
methodologies, technology & tools. We have supported
investors, stakeholders and regulatory authorities in
demystifying frauds.
Most organizations continue to struggle in managing their
data, while others have harnessed their intrinsic strength in
building a shield against frauds, risks and financial crimes.
Such a shield is built upon a program which can offer insight,
red flags and lead to effective monitoring of third parties,
customers and other such parameters, to indicate risk.
Today, data is not just the best defence against risks but also
an organization’s greatest asset in enhancing business. Our
services and support are aimed at making this a reality for
data and risk aware organizations globally.
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We define database requirements from the ground-up,
using a contextual lens to ensure that it is aligned to defined
goals. We leverage research, scalable processes, analytical
skills and the requisite technologies to make this happen for
clients globally.
3. Fraud and Forensic Services
4. Data and Database Services
Corporate
Governance
Fraud Analytics
Formulating policies for
fraud management, code
of conduct, whistleblowing
& supporting the fraud
management committee
Leveraging analytics to
identify red flag transactions,
processes, linkages
relationships across various
fraud typologies
Fraud Risk
Assessment
Fraud Investigation
Forensic Accounting Training & Workshops
Comprehensive
assessments to identify &
evaluate risks & strengthen
existing fraud management
framework
Internal & external
investigation of willful
misconduct on the part of
employees/ management/
third parties
Identification of irregularities
in books & records,
systematic review of
accounting systems, internal
controls & data theft
Training sessions to apprise
employees, stakeholders &
directors of potential fraud
indicators & best practices
Fraud Diagnostic
Review
Competitive
Intelligence
High level assessments to
determine the health of the
organization and analytics
based integrity checks
Develop intelligence related
to competition and possible
fraudulent actions during
competitive bidding
OurServiceOfferings
Database Asset
Development
Database Insights
Setup & Development
of a ‘Data Asset’ for the
client based on agreed
specifications, structure &
linkages
Developing the right, context
driven insights on existing or
planned database to define
the future course of the data.
Database Remediation Data Program
Assistance
Database
Maintenance
Data Leverage &
Fortification
Remediation of the records,
fields, architecture and rules
of a database based on the
desired or required evolved
state
Advisory and handholding
for an organization looking
at developing in-house data
capabilities
Maintenance and support for
the database to ensure live
and updated information for
the client’s purposes
Extracting and building
existing client data which
may be internal in nature to
enhance its intrinsic value
Testing & Validation
Center of Excellence
Testing & validation of a
live or architecture stage
database to determine
possible scaling, definition
and entry issues
Setup and Establishment of
offsite or on-site CoE based
on client data, process
needs and business goals
OurServiceOfferings