The document discusses trends and opportunities in the FinTech industry. It notes that FinTech companies leverage technology to drive improvements in financial services and there are thousands globally. FinTech covers areas like payments, wealth management, insurance, and lending. Factors driving FinTech growth include a focus on customer experience through technology and data, financial inclusion, collaboration over competition, consumer adoption of technology, and government support through digitization and regulations. BigTech companies are also entering the FinTech space through offerings like lending, payments, and insurance.
The document discusses an investment analysis on SeaLink Travel Group Limited (SLK). It recommends overweight rating and a target price of A$4.33, representing a potential 68.4% return. The key points are:
1) SLK recently acquired Transit Systems Group, transforming it into a premier multi-modal transport provider with operations in Australia, Singapore and London. This merger brings significant revenue growth potential from SLK's domestic segment.
2) SLK is well positioned defensively against COVID-19 impacts due to Transit Systems' long-term government contracts providing stable revenue.
3) SLK has high prospects of securing future government contracts worth a total of A$3.56b and benefits
FinTech refers to using technology to disrupt traditional financial systems through startups that solve financial challenges. Financial technology companies offer services like online banking, money transfers, online wallets, lending, and investment. In lending, FinTech helps facilitate credit to those not served by traditional banks and disrupt lending through more efficient and transparent means. The FinTech landscape in India includes players in payments, lending, and personal finance that utilize technologies like mobile wallets, payment gateways, crowdfunding, and investment apps.
Money Laundering and Terrorist Financing in a Nutshell: Chapter OneMd. Moulude Hossain
Money laundering and terrorist financing guidelines have evolved over time through various international conventions and organizations seeking to combat these financial crimes (1). Key events included the 1988 UN Drug Trafficking Convention and the 1989 Financial Action Task Force on money laundering (2). Guidelines also evolved at the national level, such as Bangladesh's first anti-money laundering law passed in 2002 (3). Proper policies, procedures and programs are needed by financial institutions to comply with regulations and mitigate risks, starting with an overarching AML/CTF policy endorsed at the highest levels.
Effect of Financial Innovation on the Performance of Deposit Money Banks in N...ijtsrd
This study centres on financial innovation and performance of deposit money banks in Nigeria. The main objective is to ascertain the effect of financial innovation on the performance of deposit money banks in Nigeria. The specific objectives are to evaluate the effect of automated teller machine, point of sale, web internet transfer and mobility of payment on the performance of deposit money banks in Nigeria proxied by the value of commercial bank deposits in Nigeria. The data employed were secondary data obtained from the Central Bank of Nigeria Statistical Bulletin for the period 2009 2020. This study employed ordinary least square OLS method of estimation to establish the effect of the independent variables on the dependent variable. The OLS is the most efficient method because of the ’’Best Linear Unbiased Estimator’’ BLUE properties. The analysis revealed that point of sale, payment mobility, automated teller machine and web internet had positive effect on the performance of deposit money banks in Nigeria for the period under study. This depicts that financial innovation helps in increasing profitability and return on assets of deposit money banks in Nigeria. Therefore, the study recommends among others that the government should put in place proper monetary and fiscal policies in order to promote financial innovations in Nigeria as the investigations in this study have proved to engender performance of deposit money banks in Nigeria. Chigozie Camillus Ibe | Dr. Chinedu Blessing-Mike Obialor "Effect of Financial Innovation on the Performance of Deposit Money Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-6 , October 2022, URL: https://www.ijtsrd.com/papers/ijtsrd52040.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/52040/effect-of-financial-innovation-on-the-performance-of-deposit-money-banks-in-nigeria/chigozie-camillus-ibe
This document discusses how financial technology (fintech) can help promote greater financial inclusion. It finds that while mobile money has increased access to financial services, especially in East Africa, fintech has even greater potential to drive digital financial transformation and inclusion. The best approach is a strategic four pillar framework that establishes: 1) digital identification and eKYC, 2) digital payment infrastructure, 3) government digitization and payments, and 4) design of digital financial markets. Together these pillars can provide a foundation for broader access to finance by supporting access, payments, savings and more sophisticated financial functions through an enabling policy environment.
The document discusses trends and opportunities in the FinTech industry. It notes that FinTech companies leverage technology to drive improvements in financial services and there are thousands globally. FinTech covers areas like payments, wealth management, insurance, and lending. Factors driving FinTech growth include a focus on customer experience through technology and data, financial inclusion, collaboration over competition, consumer adoption of technology, and government support through digitization and regulations. BigTech companies are also entering the FinTech space through offerings like lending, payments, and insurance.
The document discusses an investment analysis on SeaLink Travel Group Limited (SLK). It recommends overweight rating and a target price of A$4.33, representing a potential 68.4% return. The key points are:
1) SLK recently acquired Transit Systems Group, transforming it into a premier multi-modal transport provider with operations in Australia, Singapore and London. This merger brings significant revenue growth potential from SLK's domestic segment.
2) SLK is well positioned defensively against COVID-19 impacts due to Transit Systems' long-term government contracts providing stable revenue.
3) SLK has high prospects of securing future government contracts worth a total of A$3.56b and benefits
FinTech refers to using technology to disrupt traditional financial systems through startups that solve financial challenges. Financial technology companies offer services like online banking, money transfers, online wallets, lending, and investment. In lending, FinTech helps facilitate credit to those not served by traditional banks and disrupt lending through more efficient and transparent means. The FinTech landscape in India includes players in payments, lending, and personal finance that utilize technologies like mobile wallets, payment gateways, crowdfunding, and investment apps.
Money Laundering and Terrorist Financing in a Nutshell: Chapter OneMd. Moulude Hossain
Money laundering and terrorist financing guidelines have evolved over time through various international conventions and organizations seeking to combat these financial crimes (1). Key events included the 1988 UN Drug Trafficking Convention and the 1989 Financial Action Task Force on money laundering (2). Guidelines also evolved at the national level, such as Bangladesh's first anti-money laundering law passed in 2002 (3). Proper policies, procedures and programs are needed by financial institutions to comply with regulations and mitigate risks, starting with an overarching AML/CTF policy endorsed at the highest levels.
Effect of Financial Innovation on the Performance of Deposit Money Banks in N...ijtsrd
This study centres on financial innovation and performance of deposit money banks in Nigeria. The main objective is to ascertain the effect of financial innovation on the performance of deposit money banks in Nigeria. The specific objectives are to evaluate the effect of automated teller machine, point of sale, web internet transfer and mobility of payment on the performance of deposit money banks in Nigeria proxied by the value of commercial bank deposits in Nigeria. The data employed were secondary data obtained from the Central Bank of Nigeria Statistical Bulletin for the period 2009 2020. This study employed ordinary least square OLS method of estimation to establish the effect of the independent variables on the dependent variable. The OLS is the most efficient method because of the ’’Best Linear Unbiased Estimator’’ BLUE properties. The analysis revealed that point of sale, payment mobility, automated teller machine and web internet had positive effect on the performance of deposit money banks in Nigeria for the period under study. This depicts that financial innovation helps in increasing profitability and return on assets of deposit money banks in Nigeria. Therefore, the study recommends among others that the government should put in place proper monetary and fiscal policies in order to promote financial innovations in Nigeria as the investigations in this study have proved to engender performance of deposit money banks in Nigeria. Chigozie Camillus Ibe | Dr. Chinedu Blessing-Mike Obialor "Effect of Financial Innovation on the Performance of Deposit Money Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-6 , October 2022, URL: https://www.ijtsrd.com/papers/ijtsrd52040.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/52040/effect-of-financial-innovation-on-the-performance-of-deposit-money-banks-in-nigeria/chigozie-camillus-ibe
This document discusses how financial technology (fintech) can help promote greater financial inclusion. It finds that while mobile money has increased access to financial services, especially in East Africa, fintech has even greater potential to drive digital financial transformation and inclusion. The best approach is a strategic four pillar framework that establishes: 1) digital identification and eKYC, 2) digital payment infrastructure, 3) government digitization and payments, and 4) design of digital financial markets. Together these pillars can provide a foundation for broader access to finance by supporting access, payments, savings and more sophisticated financial functions through an enabling policy environment.
This document discusses credit management and policy. It outlines the key components of a firm's credit policy, including terms of sale, credit analysis, and collection policy. It examines the decision to grant credit by analyzing the risks, costs, expected revenues and probability of repayment. The optimal credit policy balances the incremental cash flows from increased sales with the carrying costs of accounts receivable. Effective credit analysis incorporates financial statements, credit reports, payment history and credit scoring models.
Safeguard your lending program by learning about the 8 steps of credit risk management. Learn about nonfinancial risks, structuring the loan, and more.
This document discusses fintechs and provides definitions and examples. It begins by defining fintech as the use of technology to make financial systems more efficient. It then discusses what fintechs do, including providing services like lending, payments and money transfers in a more convenient way than traditional banks. The document provides examples of fintech applications and companies. It also discusses topics like open banking, APIs, fintech adoption rates in different parts of the world, and the fintech ecosystem in Turkey.
Catalyst Investors has a long-standing history investing in businesses at the intersection of SaaS and financial services & technology, with most recent examples including MINDBODY (payments & business management SaaS for health & wellness businesses), Clinicient (revenue cycle management collections, EMR, and practice management SaaS for physical & occupational therapists), and Fusion Risk Management (business continuity SaaS sold to financial institutions and other F1000 enterprises). Lately, Catalyst has spent more time researching the FinTech sector and has published two reports to broadcast the team’s findings:
• FinTech Market Overview – a primer that segments the FinTech ecosystem based on end-market and business model (e.g., enablers vs. replacers)
• Enterprise Financial Management: Solutions for the Office of the CFO – a deeper look into software and tech-enabled services enabling businesses and their finance function to work more efficiently
This document provides a risk assessment report on the 2014 data breach at JPMorgan Chase based on the ISO 31000 framework. It summarizes the breach which compromised 83 million customer records, identifies stakeholders, assesses risks, and provides strategic recommendations. The key risks identified are operational, strategic, financial and legal. Recommendations focus on improved controls, authentication measures, and cooperation between the bank and external partners to prevent future breaches.
Strategic AI in the Financial Services Industry discusses how AI is transforming the financial industry. It notes that 70% of financial firms now use machine learning, and frontrunners are achieving 19% revenue growth from AI compared to 12% for followers. Frontrunners also invest over $5 million in AI and have comprehensive AI strategies. Applications discussed include conversational AI, customer onboarding, credit scoring, and using customer data and analytics to create personalized offers. Overall, the document examines how AI is increasing efficiency, reducing costs, and enabling new revenue streams in areas like risk assessment, marketing, and advisory services.
The document discusses the monetary system and the role of money. It describes how money serves as a medium of exchange, unit of account, and store of value. It also explains how the Federal Reserve regulates the US monetary system by controlling the money supply through open market operations and adjusting reserve requirements or the discount rate. Additionally, it covers how fractional-reserve banking allows banks to multiply the money supply through lending deposits.
FINTECH companies have seen rapid growth and taken significant market share from traditional banks globally since 2014. They focus on profitable products, grow market share quickly, and operate below regulatory radar. While FINTECH investments are concentrated in the US, the internet has no borders, so all banks must transform digitally to compete. Traditional banks have weaknesses like over-regulated processes and legacy systems compared to FINTECH strengths like interconnected data and technology. Banks need to create win-win partnerships with FINTECH and customers to survive the disruption.
The banking industry appears to be undergoing a renaissance driven by changing consumer behavior and technical innovation. Software is eating the industry. In retrospect, we can see how the first wave of innovation came in areas such as online account access and payments. Changing consumer behavior (such as the shift to mobile) and the use of big data has enabled increasingly complex transactions (such as lending and asset management) to move online. Consumers have largely stopped going to retail branches, and reserve the occasional branch visit for major one-off transactions.
Our first investment in the financial services industry came many years ago with an investment in LendingClub. We put both equity and debt into the company, making a sizable purchase of loans via the platform itself. We saw the company’s potential to bring marketplace dynamics and software disruption to the lending industry. The end goal for borrowers and investors on the platform was simple: lower cost loans for borrowers, increased yields for investors, and high levels of customer satisfaction. As a result, LendingClub has grown into a sizable public company. With experience on the platform and a realization of the potentially transformative nature of this model, we’ve gone on to invest in companies across the online lending space: Kabbage (www.kabbage.com), LendUp (www.lendup.com), and SoFi (www.sofi.com).
The renaissance in financial services has drawn in substantial amounts of venture capital. In the past year alone, the number of fintech deals has grown 16% and the capital funded is up 46%.
While many entrepreneurs develop expertise in the specific segment they intend to disrupt, we’ve noticed that startups usually don’t have the time or resources to look outside their niche and understand how they fit into the larger context of banking and lending markets. To help put the industry in perspective, we developed an overview of the banking industry in the US. What’s remarkable is not only the insights this gives into the financial lives of Americans (be it millenials or seniors), but also the perspective this gives us on the large banks we’ve all come to use. Indeed, consolidation over the last several decades has led the four major banks (JP Morgan, Bank of America, Citigroup, and Wells Fargo) to hold around half of the market’s depository assets.
Today we’re happy to provide the first version of this industry overview. We’ve chosen brevity over depth, so as to provide a snapshot of the overall banking landscape. We’ll continue to iterate on this overview and welcome questions and comments. In subsequent posts, we plan to provide deeper dives into sectors that are of interest to both ourselves and others. We look forward to contributing to what feels like yet another opportunity to be at the front door of history-making companies.
FinTech refers to the use of technology to deliver financial services in a more efficient and accessible manner. Some key areas of FinTech include payments, digital banking, investments, crowdfunding, peer-to-peer lending, blockchain/cryptocurrency, insurance technology, and regulatory technology. Technologies like cloud computing, artificial intelligence, mobile computing, the Internet of Things, and blockchain have enabled the development of new FinTech business models and services that are disrupting traditional financial industries.
The document summarizes key aspects of the Financial Action Task Force (FATF) and its initiatives on anti-money laundering, including its third mutual evaluation (ME3) process from 2004 to 2013. The FATF is an inter-governmental body that sets global standards and assesses compliance to combat money laundering and terrorist financing. Through its ME3, the FATF evaluated over 180 countries' compliance with its 40+9 recommendations, with results showing varying levels of compliance among countries.
The document provides an overview of AML/KYC regulations in the EU, including details on the 4th EU AML directive. It discusses key requirements such as enhanced due diligence for politically exposed persons, information on beneficial owners, and data protection. It also includes a case study on customer due diligence and beneficial ownership, and summaries of regulatory fines against financial institutions for AML failures.
Global power and utilities deal value totaled $26.8 billion in Q2 2019, a 44% increase from Q1 2019. The Americas had the largest deal value at $13.1 billion. Financial investors dominated deal activity, seeking stability from integrated utility assets. Renewable energy continued to attract investment, driving interest in battery storage technologies. Utilities also invested in new technologies like blockchain, smart grids, and electric vehicles. Overall, utilities gained value in Q2 but slightly underperformed the market.
Customer Due Diligence: Improving Screening Processes for OFAC Entities and O...SHAUN HASSETT
Update on current OFAC Screening Requirements and How to Improve the Screening Processes as part of your overall Customer Due Diligence Program.
For more information about this topic, please contact SHAUN HASSETT at due_diligence@att.net
This document discusses risk management strategies for financial institutions. It examines how they manage credit risk from loans and interest rate risk from changes in market rates. For credit risk, the key strategies are screening borrowers, monitoring loans, using collateral, and credit rationing. For interest rate risk, tools like income gap analysis and duration gap analysis are used to measure risks and immunize the balance sheet from changes in rates. The chapter provides examples of calculating duration and gaps to illustrate how financial managers can assess and address risks.
China: Opportunities and Hot-Spots in the MedTech (Medical Device), Pharmaceu...L.E.K. Consulting
In this presentation, Dr Neale Jones, Partner, L.E.K. Consulting Australia explores the "Opportunities and hot spots for Australian companies in China". This presentation aims to assist Australian companies in the life science industry in entering the China market. This was first presented at the Australia China Life Sciences Summit in Sydney Australia in February 2014.
This document provides an overview of an anti-money laundering (AML) compliance program. It discusses the key elements of an effective AML compliance program, including senior management oversight, policies and procedures, IT systems, training, record keeping, compliance reviews, independent assessments, and audits. It also outlines some of the professional challenges facing AML compliance officers, such as evolving regulatory requirements and balancing the needs of operations, regulators, and law enforcement.
The document discusses money laundering, including its definition, process, and risks. It defines money laundering as the process of converting illegal funds into legitimate funds and assets. The money laundering cycle involves placement, layering, and integration of funds to obscure their criminal origin. Risks to banks from money laundering include reputational, legal, operational, and concentration risks. Know-your-customer (KYC) norms and monitoring of suspicious transactions are important measures to deter money laundering.
BMR Advisors provides securitization services to originators and servicers throughout the securitization lifecycle including process review and infrastructure preparation, pool analysis, program dry runs, asset selection and flagging, program stabilization, and ongoing analytics and reporting. The firm assists clients in addressing requirements for flagging off assets, servicing, reporting, and ensures eligible assets meet criteria and concentration limits. BMR Advisors supports all stakeholders to implement operational and accounting manuals and resolve any issues.
Services for the payments industry - BMR AdvisorsAbhishek Bali
The Payments Industry (Payment processors, digital wallets, online transfer, financial institutions and digital currency players) is one of the most exciting and globally relevant sectors of growth. BMR Advisors has worked extensively in mitigating and confronting the risks & challenges in this space.
This document discusses credit management and policy. It outlines the key components of a firm's credit policy, including terms of sale, credit analysis, and collection policy. It examines the decision to grant credit by analyzing the risks, costs, expected revenues and probability of repayment. The optimal credit policy balances the incremental cash flows from increased sales with the carrying costs of accounts receivable. Effective credit analysis incorporates financial statements, credit reports, payment history and credit scoring models.
Safeguard your lending program by learning about the 8 steps of credit risk management. Learn about nonfinancial risks, structuring the loan, and more.
This document discusses fintechs and provides definitions and examples. It begins by defining fintech as the use of technology to make financial systems more efficient. It then discusses what fintechs do, including providing services like lending, payments and money transfers in a more convenient way than traditional banks. The document provides examples of fintech applications and companies. It also discusses topics like open banking, APIs, fintech adoption rates in different parts of the world, and the fintech ecosystem in Turkey.
Catalyst Investors has a long-standing history investing in businesses at the intersection of SaaS and financial services & technology, with most recent examples including MINDBODY (payments & business management SaaS for health & wellness businesses), Clinicient (revenue cycle management collections, EMR, and practice management SaaS for physical & occupational therapists), and Fusion Risk Management (business continuity SaaS sold to financial institutions and other F1000 enterprises). Lately, Catalyst has spent more time researching the FinTech sector and has published two reports to broadcast the team’s findings:
• FinTech Market Overview – a primer that segments the FinTech ecosystem based on end-market and business model (e.g., enablers vs. replacers)
• Enterprise Financial Management: Solutions for the Office of the CFO – a deeper look into software and tech-enabled services enabling businesses and their finance function to work more efficiently
This document provides a risk assessment report on the 2014 data breach at JPMorgan Chase based on the ISO 31000 framework. It summarizes the breach which compromised 83 million customer records, identifies stakeholders, assesses risks, and provides strategic recommendations. The key risks identified are operational, strategic, financial and legal. Recommendations focus on improved controls, authentication measures, and cooperation between the bank and external partners to prevent future breaches.
Strategic AI in the Financial Services Industry discusses how AI is transforming the financial industry. It notes that 70% of financial firms now use machine learning, and frontrunners are achieving 19% revenue growth from AI compared to 12% for followers. Frontrunners also invest over $5 million in AI and have comprehensive AI strategies. Applications discussed include conversational AI, customer onboarding, credit scoring, and using customer data and analytics to create personalized offers. Overall, the document examines how AI is increasing efficiency, reducing costs, and enabling new revenue streams in areas like risk assessment, marketing, and advisory services.
The document discusses the monetary system and the role of money. It describes how money serves as a medium of exchange, unit of account, and store of value. It also explains how the Federal Reserve regulates the US monetary system by controlling the money supply through open market operations and adjusting reserve requirements or the discount rate. Additionally, it covers how fractional-reserve banking allows banks to multiply the money supply through lending deposits.
FINTECH companies have seen rapid growth and taken significant market share from traditional banks globally since 2014. They focus on profitable products, grow market share quickly, and operate below regulatory radar. While FINTECH investments are concentrated in the US, the internet has no borders, so all banks must transform digitally to compete. Traditional banks have weaknesses like over-regulated processes and legacy systems compared to FINTECH strengths like interconnected data and technology. Banks need to create win-win partnerships with FINTECH and customers to survive the disruption.
The banking industry appears to be undergoing a renaissance driven by changing consumer behavior and technical innovation. Software is eating the industry. In retrospect, we can see how the first wave of innovation came in areas such as online account access and payments. Changing consumer behavior (such as the shift to mobile) and the use of big data has enabled increasingly complex transactions (such as lending and asset management) to move online. Consumers have largely stopped going to retail branches, and reserve the occasional branch visit for major one-off transactions.
Our first investment in the financial services industry came many years ago with an investment in LendingClub. We put both equity and debt into the company, making a sizable purchase of loans via the platform itself. We saw the company’s potential to bring marketplace dynamics and software disruption to the lending industry. The end goal for borrowers and investors on the platform was simple: lower cost loans for borrowers, increased yields for investors, and high levels of customer satisfaction. As a result, LendingClub has grown into a sizable public company. With experience on the platform and a realization of the potentially transformative nature of this model, we’ve gone on to invest in companies across the online lending space: Kabbage (www.kabbage.com), LendUp (www.lendup.com), and SoFi (www.sofi.com).
The renaissance in financial services has drawn in substantial amounts of venture capital. In the past year alone, the number of fintech deals has grown 16% and the capital funded is up 46%.
While many entrepreneurs develop expertise in the specific segment they intend to disrupt, we’ve noticed that startups usually don’t have the time or resources to look outside their niche and understand how they fit into the larger context of banking and lending markets. To help put the industry in perspective, we developed an overview of the banking industry in the US. What’s remarkable is not only the insights this gives into the financial lives of Americans (be it millenials or seniors), but also the perspective this gives us on the large banks we’ve all come to use. Indeed, consolidation over the last several decades has led the four major banks (JP Morgan, Bank of America, Citigroup, and Wells Fargo) to hold around half of the market’s depository assets.
Today we’re happy to provide the first version of this industry overview. We’ve chosen brevity over depth, so as to provide a snapshot of the overall banking landscape. We’ll continue to iterate on this overview and welcome questions and comments. In subsequent posts, we plan to provide deeper dives into sectors that are of interest to both ourselves and others. We look forward to contributing to what feels like yet another opportunity to be at the front door of history-making companies.
FinTech refers to the use of technology to deliver financial services in a more efficient and accessible manner. Some key areas of FinTech include payments, digital banking, investments, crowdfunding, peer-to-peer lending, blockchain/cryptocurrency, insurance technology, and regulatory technology. Technologies like cloud computing, artificial intelligence, mobile computing, the Internet of Things, and blockchain have enabled the development of new FinTech business models and services that are disrupting traditional financial industries.
The document summarizes key aspects of the Financial Action Task Force (FATF) and its initiatives on anti-money laundering, including its third mutual evaluation (ME3) process from 2004 to 2013. The FATF is an inter-governmental body that sets global standards and assesses compliance to combat money laundering and terrorist financing. Through its ME3, the FATF evaluated over 180 countries' compliance with its 40+9 recommendations, with results showing varying levels of compliance among countries.
The document provides an overview of AML/KYC regulations in the EU, including details on the 4th EU AML directive. It discusses key requirements such as enhanced due diligence for politically exposed persons, information on beneficial owners, and data protection. It also includes a case study on customer due diligence and beneficial ownership, and summaries of regulatory fines against financial institutions for AML failures.
Global power and utilities deal value totaled $26.8 billion in Q2 2019, a 44% increase from Q1 2019. The Americas had the largest deal value at $13.1 billion. Financial investors dominated deal activity, seeking stability from integrated utility assets. Renewable energy continued to attract investment, driving interest in battery storage technologies. Utilities also invested in new technologies like blockchain, smart grids, and electric vehicles. Overall, utilities gained value in Q2 but slightly underperformed the market.
Customer Due Diligence: Improving Screening Processes for OFAC Entities and O...SHAUN HASSETT
Update on current OFAC Screening Requirements and How to Improve the Screening Processes as part of your overall Customer Due Diligence Program.
For more information about this topic, please contact SHAUN HASSETT at due_diligence@att.net
This document discusses risk management strategies for financial institutions. It examines how they manage credit risk from loans and interest rate risk from changes in market rates. For credit risk, the key strategies are screening borrowers, monitoring loans, using collateral, and credit rationing. For interest rate risk, tools like income gap analysis and duration gap analysis are used to measure risks and immunize the balance sheet from changes in rates. The chapter provides examples of calculating duration and gaps to illustrate how financial managers can assess and address risks.
China: Opportunities and Hot-Spots in the MedTech (Medical Device), Pharmaceu...L.E.K. Consulting
In this presentation, Dr Neale Jones, Partner, L.E.K. Consulting Australia explores the "Opportunities and hot spots for Australian companies in China". This presentation aims to assist Australian companies in the life science industry in entering the China market. This was first presented at the Australia China Life Sciences Summit in Sydney Australia in February 2014.
This document provides an overview of an anti-money laundering (AML) compliance program. It discusses the key elements of an effective AML compliance program, including senior management oversight, policies and procedures, IT systems, training, record keeping, compliance reviews, independent assessments, and audits. It also outlines some of the professional challenges facing AML compliance officers, such as evolving regulatory requirements and balancing the needs of operations, regulators, and law enforcement.
The document discusses money laundering, including its definition, process, and risks. It defines money laundering as the process of converting illegal funds into legitimate funds and assets. The money laundering cycle involves placement, layering, and integration of funds to obscure their criminal origin. Risks to banks from money laundering include reputational, legal, operational, and concentration risks. Know-your-customer (KYC) norms and monitoring of suspicious transactions are important measures to deter money laundering.
BMR Advisors provides securitization services to originators and servicers throughout the securitization lifecycle including process review and infrastructure preparation, pool analysis, program dry runs, asset selection and flagging, program stabilization, and ongoing analytics and reporting. The firm assists clients in addressing requirements for flagging off assets, servicing, reporting, and ensures eligible assets meet criteria and concentration limits. BMR Advisors supports all stakeholders to implement operational and accounting manuals and resolve any issues.
Services for the payments industry - BMR AdvisorsAbhishek Bali
The Payments Industry (Payment processors, digital wallets, online transfer, financial institutions and digital currency players) is one of the most exciting and globally relevant sectors of growth. BMR Advisors has worked extensively in mitigating and confronting the risks & challenges in this space.
BMR advisors - Risk & Advisory ServicesAbhishek Bali
BMR Advisors provides risk advisory and consulting services including anti-money laundering, anti-bribery compliance, forensic investigation, supply chain risk management, and due diligence services. It has over 600 employees serving over 750 clients globally. The document discusses BMR's services, clients, strategic partnerships, and leadership in risk advisory.
Over the last few years, we at BMR Advisors, have had the opportunity of working on complex and challenging data projects & products. This has been instrumental towards us developing global expertise in Data Assets, across the life cycle of conceptualization, sourcing, extraction, development & enhancement of data, for our clients.
Riskpro is an organization providing risk management consulting services through offices in major Indian cities. It aims to be the preferred provider of governance, risk, and compliance solutions to mid-large sized corporates and financial institutions in India. Riskpro offers a wide range of risk advisory services at competitive prices compared to large consulting firms. It has over 200 years of cumulative experience across its multidisciplinary team and provides high quality, timely services and deliverables to clients.
Riskpro is an Indian risk management consulting firm with offices in major cities. It provides integrated risk management services to mid-large corporations and financial institutions. Services include advisory on governance, risk, compliance, Basel standards, enterprise risk assessment, fraud risk management, and more. Riskpro differentiates itself through its focus on risk management, experience of over 200 years, hybrid delivery model, and ability to take on large complex projects. It aims to be the preferred GRC solutions provider in India.
Riskpro is an Indian risk management consulting firm with offices in major cities. It provides integrated risk management services to mid-large corporations and financial institutions. Services include governance, risk and compliance solutions. Riskpro differentiates itself by focusing exclusively on risk management and by having over 200 cumulative years of experience among its professionals. It offers a hybrid delivery model and can take on large, complex projects. Services include advisory on various types of risk like credit, market, operational, and regulatory compliance.
Riskpro is an Indian risk management consulting firm with offices in major cities. It provides integrated risk management services to mid-large corporations and financial institutions. Services include governance, risk and compliance solutions. Riskpro differentiates itself by focusing exclusively on risk management and by having over 200 cumulative years of experience among its professionals. It offers a hybrid delivery model and can take on large, complex projects. Services include advisory on various types of risk like credit, market, operational, and regulatory compliance.
This document provides information about Riskpro, an organization that offers risk management consulting services in India. It has offices in major cities like Mumbai, Delhi, and Bangalore. Riskpro's mission is to provide integrated risk management solutions to corporate and financial institutions in India. It offers services like fraud risk management, Basel compliance, and operational risk management. The document also discusses fraud risk management frameworks and Riskpro's approach to addressing fraud risks for clients.
This document provides information about Riskpro, an organization that offers risk management consulting services in India. It has offices in major cities like Mumbai, Delhi, and Bangalore. Riskpro's mission is to provide integrated risk management solutions to corporate and financial institutions in India. It offers services like fraud risk management, Basel compliance advisory, and operational risk management. The document discusses the growing issue of insurance fraud in India and provides an overview of Riskpro's fraud risk management framework and services.
This document provides information about Riskpro, an organization that offers risk management consulting services in India. It has offices in major cities like Mumbai, Delhi, and Bangalore. Riskpro's mission is to provide integrated risk management solutions to corporate and financial institutions in India. It offers services like fraud risk management, Basel compliance, and operational risk management. The document also discusses fraud risk management frameworks and Riskpro's approach to addressing fraud risks for clients.
Riskpro is a risk management consulting firm with offices in major Indian cities. It provides integrated risk management solutions to mid-large sized companies. Riskpro's services include fraud risk management, anti-corruption, whistleblowing programs, background screening, vendor screening, forensics services, and fraud risk analysis. It aims to provide quality advisory services typically offered by large firms at more affordable rates.
Today all organizations are subject to fraud risks. Large frauds have led to the downfall of entire organizations, massive investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital markets, Consequently as part of an organization’s governance structure, a fraud risk management program should be in place, including a written policy to convey the expectations of the board of directors and senior management regarding managing fraud risk.
Knowing present corporate focus and need for improved fraud risk governance & management, we’re pleased to launch our Fraud Risk Consulting services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
Today all organizations are subject to fraud risks. Large frauds have led to the downfall of entire organizations, massive investment losses, significant legal costs, incarceration of key individuals, and erosion of confidence in capital markets, Consequently as part of an organization’s governance structure, a fraud risk management program should be in place, including a written policy to convey the expectations of the board of directors and senior management regarding managing fraud risk.
Knowing present corporate focus and need for improved fraud risk governance & management, we’re pleased to launch our Fraud Risk Consulting services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
Riskpro is a risk management consulting firm with offices in major Indian cities. It provides integrated risk management solutions to mid-large sized companies. Riskpro's services include fraud risk management, anti-corruption, whistleblowing programs, background screening, vendor screening, forensics services, and fraud risk analysis. It aims to provide quality advisory services typically offered by large firms at more affordable rates.
Riskpro is a risk management consulting firm with offices in major Indian cities. It provides integrated risk management services to mid-large sized companies, including governance, risk and compliance solutions. Riskpro's services include fraud risk management, anti-corruption, whistleblowing programs, background screening, vendor screening, forensics services, and internal risk controls. It aims to provide quality advisory services typically offered by large firms at more affordable rates.
Treasury Consulting LLP is a multi-disciplinary consulting firm founded by Rahul Magan to provide high-level intellectual services globally. The firm offers a wide range of services including trainings, publications, knowledge commerce, foreign exchange and analytics consulting, virtual CFO services, governance/risk/compliance consulting, and operates a consulting club and merchandise store. Treasury Consulting aims to serve clients across Asia Pacific, Europe, the US, and ANZ markets with practical, software-oriented knowledge and expertise.
Rajput Jain & Associates, a CA Firm in Delhi provides Business Registration, GST solution, Tax Consulting, CFO Services and Growth Strategies for their clients
Similar to BMR Advisors - Anti-Money Laundering Compliance (20)
ZIGRAM is a four-year-old regulatory technology firm focused on anti-money laundering and financial crimes compliance. It has over 500 employees across offices in Singapore, India, and works with large financial institutions in over 60 countries. ZIGRAM develops data assets, applications, and provides services related to risk monitoring, screening, due diligence, and transaction monitoring to help clients with regulatory compliance. It aims to democratize regulatory technology solutions powered by proprietary data assets.
ZIGRAM is one of the world's fastest-growing risk and compliance technology organizations operating in the Data Asset and Financial Crimes Compliance (FCC) space. Our products and solutions are compliance-critical and power some of the world’s largest banks, risk organizations, and financial institutions. Our sectors of focus include financial services, legal, life sciences, energy, and information services. The team at ZIGRAM has decades' worth of experience in Data Assets, Anti-Money Laundering (AML), Know Your Customer (KYC), Due Diligence, and Risk. We aim to deliver value to users by boosting revenues, managing risk, and reducing the cost of doing business, in a data-driven world.
Our Vision is to solve real-world problems with data asset solutions in deep partnership with DIKW {Data, Information, Knowledge & Wisdom} clients & users.
ZIGRAM is a high impact organization which operates in the Data Asset space.
Our team is made up of professionals from varied domains like data science, technology, sales, financial services, research and business consulting.
Our aim is to deliver value to clients by Building and Managing Data Assets across use cases - thereby boosting revenues and reducing the cost of doing business, in a data driven world.
The RBI is the third most active regulator in the world, penalising banks NOT for money laundering but due to a deficient AML program. Are Indian Banks assessing their AML programs comprehensively?
Challenges in AML Implementation in Bangladesh Abhishek Bali
Sarwar Chowdhury was invited to speak at the Fintelekt Annual AML Summit held in Dhaka on 6th feb 2017. He presented his views on ‘Challenges in AML Implementation’ to a distinguished set of MDs, DMDs, CAMLCOs, Senior Bankers and AML professionals. His thoughts, in summary, are that Bangladesh faces unique and immediate issues in AML compliance primarily because of:
1. Lack Senior Management Focus
2. Paucity of the right skill sets and manpower
3. Poor data quality
4. Limited cost effective or relevant solutions
5. De-risking is an immediate threat.
The document provides a highlights report from the AMLMaps website for January 2017. It summarizes key anti-money laundering cases from December 2016, including the highest penalties issued by US and UK regulators, the largest individual penalty of $235 million imposed on Intesa Sanpaolo bank, and the longest prison sentence of 12 years given to a former South African politician. It also lists the most active agencies in AML enforcement and provides statistics on cases reported and penalties that month.
This document summarizes a report analyzing over 1,300 anti-money laundering records from 2000-present. Key findings include that penalties have increased over 20 times in the last 5 years, individuals are increasingly being penalized including senior executives, and countries with the most records are the US, India, and UK. The banking/financial sector accounts for most penalties while real estate shows the highest penalties in non-banking. Regulators in the US have imposed the most actions.
S4A - Sustainable Structuring of Stressed AssetsAbhishek Bali
At BMR Advisors, we have analyzed the provisions and implications of the S4A. In addition, we have defined our views on the pitfalls and opportunities which this scheme may bring forth. This is the latest edition of The BMR View, where we attempt to look at the operational details of the scheme along with specific areas of focus, to manage risks and leverage opportunities.
While a lot has been said and written about The Black Money Bill (2015) over the last few months, most of this is based on the bill’s sections, directives and penalties, as cleared by the Cabinet. The conversations around this bill have been relegated to the number of years of imprisonment, fines and percentage of penalties. In our view this has led to a case of missing the forest for the trees.
BMR is one of India’s leading professional services organisation offering a range of Risk, Legal, Tax and M&A advisory for businesses of all sizes, across the globe. With engagements & projects delivered in 40+ Countries for over 750 clients, most of whom are Fortune 1000 organizations, BMR is one of the largest providers of multidisciplinary professional services with a global network that ensures integrated service to clients across the world.
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Discover How Long Do Aluminum Gutters Last?SteveRiddle8
Many people wonder how long aluminum gutters last. In this ppt, we will cover the lifetime of aluminum gutters, appropriate maintenance procedures, and the advantages of using this material for gutter installation.
Emmanuel Katto Uganda - A PhilanthropistMarina Costa
Emmanuel Katto is a well-known businessman from Uganda who is improving his town via his charitable work and commercial endeavors. The Emka Foundation is a non-profit organization that focuses on empowering adolescents through education, business, and skill development. He is the founder and CEO of this organization. His philanthropic journey is deeply personal, driven by a calling to make a positive difference in his home country. Check out the slides to more about his social work.
The Fraud Examiner’s Report –
What the Certified Fraud Examiner Should Know
Being a Virtual Training Paper presented at the Association of Certified Fraud Examiners (ACFE) Port Harcourt Chapter Anti-Fraud Training on July 29, 2023.
Electrical Testing Lab Services in Dubai.pptxsandeepmetsuae
An electrical testing lab in Dubai plays a crucial role in ensuring the safety and efficiency of electrical systems across various industries. Equipped with state-of-the-art technology and staffed by experienced professionals, these labs conduct comprehensive tests on electrical components, systems, and installations.
By refining the layout and replacing furnishings, people can more effectively enjoy themselves in their home environment. If you want to enhance the visual appeal of your home, then residential painting services are at your service. We take responsibility for transforming your dull spaces into vibrant ones. This PPT unveils the difference that professional painters make in elevating the look of your home.
METS Lab SASO Certificate Services in Dubai.pdfsandeepmetsuae
Achieving compliance with the Saudi Standards, Metrology and Quality Organization (SASO) regulations is crucial for businesses aiming to enter the Saudi market. METS Laboratories offers comprehensive SASO certification services designed to help companies meet these stringent standards efficiently. Our expert team provides end-to-end support, from initial product assessments to final certification, ensuring that all regulatory requirements are meticulously met. By leveraging our extensive experience and state-of-the-art testing facilities, businesses can streamline their certification process, avoid costly delays, and gain a competitive edge in the market. Trust METS Laboratories to guide you through every step of achieving SASO compliance seamlessly.
Merchants from high-risk industries face significant challenges due to their industry reputation, chargeback, and refund rates. These industries include sectors like gambling, adult entertainment, and CBD products, which often struggle to secure merchant accounts due to increased risks of chargebacks and fraud.
To overcome these difficulties, it is necessary to improve credit scores, reduce chargeback rates, and provide detailed business information to high-risk merchant account providers to enhance credibility.
Regarding security, implementing robust security measures such as secure payment gateways, two-factor authentication, and fraud detection software that utilizes machine learning systems is crucial.
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The study compares AMUSE's FDM and MJF 3D printing technologies.pptxAmuse
AMUSE offers cutting-edge HP MJF 3D printing services in India that facilitate the effective creation of challenging designs for all kinds of industries.
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Gujar Industries India Pvt. Ltd is a leading manufacturer of X-ray baggage scanners in India. With a strong focus on innovation and quality, the company has established itself as a trusted provider of security solutions for various industries. Their X-ray baggage scanners are designed to meet the highest standards of safety and efficiency, making them ideal for use in airports, government buildings, and other high-security environments. Gujar Industries India Pvt. Ltd is committed to providing cutting-edge technology and reliable products to ensure the safety and security of their customers.
Pruning enhances your garden's visual appeal by keeping plants neat and well-formed. Whether you prefer a formal, structured look or a more natural, free-flowing design, regular pruning helps you achieve and maintain your desired garden style. A well-pruned garden looks cared for and can significantly improve the overall beauty of your outdoor space.
eBrand Promotion Full Service Digital Agency Company ProfileChimaOrjiOkpi
eBrandpromotion.com is Nigeria’s leading Web Design/development and Digital marketing agency. We’ve helped 600+ clients in 24 countries achieve growth revenue of over $160+ Million USD in 12 Years. Whether you’re a Startup or the Unicorn in your industry, we can help your business/organization grow online. Thinking of taking your business online with a professionally designed world-class website or mobile application? At eBrand, we don’t just design beautiful mobile responsive websites/apps, we can guarantee that you will get tangible results or we refund your money…
Top 10 Challenges That Every Web Designer Face on A Daily Basis.pptxe-Definers Technology
In today’s fast-moving digital world, building websites is super important for how well a business does online. But, because things keep changing with technology and what people expect, teams who make websites often run into big problems. These problems can slow down their work and stop them from making really good websites. Let us see what the best website designers in Delhi have to say –
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Understanding Love Compatibility or Synastry: Why It MattersAstroForYou
Love compatibility, often referred to as synastry in astrological terms, is the study of how two individuals’ astrological charts interact with each other.
Best Web Development Frameworks in 2024growthgrids
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Sustainable Solutions for Chemical Waste Disposal by Summerland Environmental...Summerland Environmental
Welcome to the presentation on Sustainable Solutions for Chemical Waste Disposal by Summerland Environmental. We will explore innovative methods and technologies for eco-friendly waste management.
2. Private & Confidential
Page 2
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
BMR Advisors
One
Microsoft
Tax & Advisory
Risk & Advisory
Mergers & Acquisition
Legal Support
Deliveredin 40+
countries 7 Locations
USA
Largestclientbase
3 Centersof Excellence AlliancePartners 40+ Partners
Global Delivery Advantage
600+
Employees
Experts &
experienced
consultants
750+ clients
engaged
Tier 1
Ranked Tier 1 in ITR’s
World Tax 2014 guide
to the world’s leading
tax firms
250+
Fortune 1000 clients
served
Right-Shoring
Choice of on-ground &
offshore
BMR was founded
in 2004 by a
group of former
Arthur Andersen
and EY partners.
We are now
recognized as one
of the top 5 firms
in India
Chartered Accountants,
MBAs, CPAs, ACAMS, ACL
Specialists, SAP
Specialists, CISA, CCISPL
and CFE
Ranked as a leading tax law
firm by The Legal 500, Asia-
Pacific Guide 2013
2+ million hours
delivered to date
Rated as a Great Place to Work
in India
Extensive engagements in
AML, KYC and Analytics for
Global Clients
Industry Focus
Energy, Financial
Services, Retail
Technology, Media,
Communications,
Infrastructure, Real
Estate & Japanese
Business Group Rated third most active transaction advisor in India by
VCCedge League Table for FY2013
40%
professionals
abovemanager
level
BMR Advisors
3. Private & Confidential
Page 3
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Our Services
Risk & Advisory
•Process &
Performance
Improvement
•Risk & Control
•Due Diligence
•Analytics
•AML & Financial
Compliance
Direct Tax
•Transfer Pricing
•Tax Litigation
•Transaction Tax/
Restructuring
•Corporate &
International Tax
•Expatriate Tax
•Tax Policy &
Advocacy
•Tax Outsourcing &
Compliance Services
Indirect Tax
•Advisory
•Compliance
•Litigation
M&A
•Corporate Finance
•Transaction Support
•Transaction Tax/
Restructuring
•M&A Legal
Legal Support
•M&A Support
•Direct Tax Litigation
•Indirect Tax
Litigation
•Advocacy
•Documentation
Japanese
Business Group
Retail Energy
Financial
Markets
Technology Media Real EstateManufacturing
Process Financial Legal Structuring Tax
CompetenceServiceLinesIndustry
BMR Advisors
4. Private & Confidential
Page 4
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Strategic Partnerships & Recognitions
Ranked second Most
Active Transaction
Advisor (Private Equity)
by Venture Intelligence
League Table for Q1
2011
Rated as a Great Place
to Work in India, 2010
Great Place to Work ®
Institute
Rated Tier 1 Tax
Transactional Firm for fifth
consecutive year by
International Tax Review’s
online poll, 2012
BMR ranked sixth (by
deal count) in Thomson
Reuters Mid-Market
Insight, Jan-Sep 2012
Rated third most active
transaction advisor by
Venture Intelligence
League Table for the first
half of 2012
BMR Legal Ranked
among the top Indian
legal tax firms by the
Chambers and Partners
in the Asia-Pacific Guide
2012
Rated Tier 1 Tax
Transactional Firm for
sixth consecutive year by
International Tax Review’s
online poll, 2013
BMR Advisors ranked third
leading financial advisor in
India for the year 2012 by
Thomson Reuters Mid-
Market survey
BMR Advisors rated as
Number One transaction
advisor by VC Edge for the
year ending 2012
BMR Legal ranked as a
leading tax law firm by
The Legal 500, Asia-
Pacific Guide 2013
Ranked as a Tier 1
Firm in India,
International Tax
Review, World Tax
Survey 2009
2009 2010 2011 2012 2013
Ranked Tier 1 in ITR’s
World Tax 2014 guide
to the world’s leading
tax firms
2014
BMR Alliance Partners
2015
Ranked Tier 2 in ITR’s
World Transfer Pricing
2014 guide
Most Active transaction
advisor for Private
Equity and M&A by
Venture Intelligence
Ranked Tier 1 in ITR’s
World Tax 2015 guide
to the world’s leading
tax firms, 8th year in a
row
Ranked Tier 2 in ITR’s
World Transfer Pricing
2015 guide
BMR And Community
The firm has a strong commitment to community service. As much as client service, we endeavor to fulfil our social responsibility under the
aegis of BMR Foundation. Through our ‘Go Green Initiative’, we adopt environment-friendly practices at our workplace. We actively support
initiatives such as SOS Children’s Villages of India, Indian Red Cross Society and MillionTreesGurgaon.
BMR Advisors
5. Private & Confidential
Page 5
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Our Clients | Financial Services
Asset Management
AIG
Fidelity
ING
JP Morgan Chase
Templeton
Banking
ABN AMRO Bank
AIG
American Express
Bank
Barclays
Bank of America
BNP Paribas
Citigroup
Corporation Bank
Deutsche Bank
HDFC Bank
HSBC
IDBI Bank
ING Bank
JP Morgan Chase
Ratnakar Bank
Royal Bank of
Scotland
State Street
Standard Chartered
Sumitomo Mitsui
Banking Corporation
Templeton
Toronto-Dominion
Toyota Financial
Services
Insurance
Birla Sun Life
Insurance
ICICI Prudential
ING Vysya
PNB MetLife
Baer Capital
Blackstone
Carlyle
CVC
Englefield Capital
GIC
Helion Ventures
Henderson
Halcyon
ICICI Ventures
IDFC Private Equity
India Value Fund
Lazard
Mandala Capital
Motilal Oswal
New Vernon
NVP
Och-Ziff
Old Lane
Q Investments
Sage
Shriram Transport
Finance
Temasek
Warburg Pincus
Real Estate Funds
Actis
Aditya Birla Real
Estate Fund
Ascendas
The Chatterjee Group
IREO
Deutsche Realty
Kotak Realty
New Vernon Realty
Red Fort Capital
Solitaire Capital
Investment Banks
ADM Capital
Citigroup
Credit Suisse
Deutsche Bank
Merrill Lynch
NM Rothschild
Goldman Sachs
JPMorgan
Lehman Brothers
Morgan Stanley
UBS
Private Equity
Alchemy Partners
Apollo Investment
Corporation
BMR Advisors
6. Private & Confidential
Page 6
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Our Clients | Non-Financial Services
24/7 Customer
ABB Group
Accenture
Actaris
ADM Capital
Airtel
Airwide solutions
Alstom
Apple Computers
Assa Abloy
AstraZeneca
Avaya
BAF
Baker Huges
BD
BEA Systems
BHP Billiton
Biocon
BlueDart
Blue Foods
BP Amoco
Brightpoint
British Gas
Broadcom
Cadbury Plc.
Calleo
Canon
Cargill
CGG
Chevron
Cisco Systems
Claris Lifesciences Limited
CNBC
Continental Airlines
Dabur
Daikin
EagleBurgmann
Enfield
Enpro Jubiliant
Equant
ExxonMobil
Fujifilm India
General Motors
Genpact
Goodyear
Gujarat Gas
GIC
GMR Group
GSK
HDFC Chubb
Helmerich & Payne
Heidelberg Cements
HP
Hutch
IBM
ICA Domus Trust
Indigo Airlines
Ingersollrand
Intel
Interglobe Enterprises
Itochu Corporation
Ivy Comptech
K Raheja Corp.
Kennametal Widia
Kobelco Cranes
Kodak
Lear Corporation
Levi Strauss
McKinsey & Co.
Metal One
Mindtree Consulting
Mitsubishi Corp
Mitsubishi Material
Mosbacher
NCR Corporation
NDS
Nokia
Novartis
Novo Nordisk Premier Oil
Oxigen
Panasonic
Pepsi
Perot Systems
Petronas
Quest
Radhakrishna
Reuters
Regulatory Data Corp
Reliance Industries Ltd
Rolex
Samsung
Sanyo
Schlumberger
Shell
SIA Engineering
Socomec
Sojitz
Sony
Star TV
Sumitomo Chemicals
Sumitomo Corporation
Suzuki
Synova
Tally
Teletech
Ten Sports
Texas Instruments
Thomson
Uni Products
USV
Valtech
VSNL
Xerox
Yum!
BMR Advisors
7. Private & Confidential
Page 7
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Risk & Advisory | Key Services
Anti-Money Laundering
Anti-Bribery Compliance
Intellectual Property Monitoring
Risk
&
Advisory
Data Analytics
Process Development & Optimisation
Internal Audit
Process Integration
Securitization Support
Data Assets
Impact Analysis
Fraud Investigations
Fraud Assessment & Prevention
Fraud Analytics
Financial & Tax
Business Analysis
Third Party Ecosystem
Risk Management Framework
Online, Mobile & New Age Crimes
Risk & Advisory Services
8. Private & Confidential
Page 8
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Internal
Controls
Management
Oversight
Standards
Risk Based
Framework
Remediation
&
Refinement
Transaction
Monitoring
KYC Due
Diligence
Training Screening
Policy &
Procedures
AML Technology
Support
Agent
Network
Assessment
Independent
testing
AML
Diagnostic
Check
Our Anti-Money Laundering Compliance
offerings have been structured to ensure
complete coverage of all aspects of the
present & emerging compliance
challenges.
These offerings have been divided into
AML Support
AML Core
AML
Investigation
Anti-Money Laundering
Anti-Money Laundering Compliance Services
9. Private & Confidential
Page 9
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Program Management
►Diagnostics
►Risk based framework
Operations
►KYC Remediation
►AML Hub
►Process Design & Training
►Threshold Review
►Alert Disambiguation
►Data Analytics
Our AML solutions take a modular
approach, interfacing with relevant
components of the organization’s AML
compliance framework
BMR - AML Approach
The BMR AML Solution Components
10. Private & Confidential
Page 10
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Set-up & Operation | Global KYC CoE
Business Issue
► To address the identified
anti-money laundering
compliance deficiencies that
affected banks’ business
► To complement the
Compliance department’s
roll out of its new KYC due
diligence process/ Customer
Acceptance Forms
Region(s)/Countries
► 229 jurisdictions globally
What BMR did
Determined:
► Unique set of customers for
each different business unit
► Existing customer
information gaps
► Project schedule and effort
estimates
► We developed a ‘One Team
Structure’ with multiple
personnel
► Successfully managed the
entire back-end for 229
jurisdictions and performing
customer due diligence for
225,000 corporate customers
► Our operations team
performed – background
verification, name and news
screening, sanction list
checking, external research
and fulfillment of local
country requirements
Key Benefits
► Addressed the timelines set
by the Regulators for KYC
remediation of customers
► A global KYC Repository –
for future use
► Quality function introduced
in the COE to ensure
consistence delivery
standards
► Allowed the bank to focus
on key AML issues; limit
disruption to business; meet
the milestones provided by
the Regulators
► Educated the team in
Mumbai, on KYC
documentation and data
management
Key Deliverables
► Implemented a global KYC
Hub – successfully
managing the entire back-
end KYC processes for 229
jurisdictions
► Developed Standard
Operating Procedures,
thereby defining clear
roles and responsibilities
► Designed IT Solutions for
Data Management
► Comprehensive Training
Manual for the
Operations, developed
and training imparted to
the all team members
► Developed a Risk and
Control Self Assessment
(RCSA) for documenting
the Risk and Control
framework for the COE
AML Projects & Experience
11. Private & Confidential
Page 11
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Business Issue
► BSA and USA PATRIOT Act:
International FATF
Recommendations and US
legislative regulations
mandate a financial
institution to conduct
appropriate risk-based due
diligence on a potential
client prior to engaging in a
business relationship
► Bank had engaged BMR &
Partner Firm to conduct the
KYC Remediation of the
India domiciled accounts.
Region(s)/Countries
► APAC
What BMR did
► Identified the customer on
the basis of documents,
data or information
obtained from a reliable and
independent source
► Identified, where applicable,
the beneficial owner and
took risk-based and
adequate measures to
understand the ownership
and control structure of the
customer
► Obtained information on
the purpose and intended
nature of the business
relationship
► Identified gaps and
recorded requirements in
pre-defined templates
► Conducted sales connects
► Management Reporting
Key Benefits
► Facilitated the bank to know
who they are doing business
with in a bid to prevent the
bank from inadvertently
facilitating money
laundering
► Facilitated the compliance
to the RBI requirement
► Developed Daily and weekly
MIS dashboards, with
various information cuts, to
report status to
management as per their
requirement
Key Deliverables
► KYC due diligence and gap
analysis of over 800
accounts over a period of
6 months
► Sales connects with
relationship managers
along with status of the
connects
► Filtering documents stored
on the shared drive to
ensure only most updated
documents are retained
AML Projects & Experience
KYC Remediation | APAC operations of a Wall Street Bank
12. Private & Confidential
Page 12
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Business Issue
► High volume of monitoring
alerts causing difficulties in
identification of suspicious
transactions
► To expedite the alert
disambiguation process,
identify false positives and
increase review
effectiveness
Region(s)/Countries
► Americas – NY
What BMR did
► We assisted the client in
optimizing their automatic
transaction monitoring
thresholds by:
• Identifying anomalies in
transaction behavior
• Detecting hidden
relationships and linked
accounts
• Identifying beneficial
ownership of transactions,
and
• Analyzing segmental
characteristics, based on risk
profiling
► In addition, we assisted our
client in establishing
effective AML alert
disambiguation processes
using KYC information and
customer transaction history
Key Benefits
► Reduced false positives
► Timely and accurate alerts
► Identification of suspicious
relationships
► Identification of beneficial
owners
► Consolidation of the
detection process across
multiple channels
Key Deliverables
► Established effective AML
alert disambiguation
processes
► Training on alert
disambiguation
procedures
► Dry runs and
implementation of
disambiguation processes
► Optimisation of the
automatic transaction
monitoring thresholds
► Risk profiling of customers
AML Projects & Experience
Transaction Monitoring Optimization | Wall Street Bank
13. Private & Confidential
Page 13
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Business Issue
► BMR was tasked by one of
the top 5 global banks to
objectively evaluate,
independently test and
perform an assessment of
the bank’s existing AML
policies, procedures,
systems and internal
controls for compliance with
relevant AML regulations
and regulatory expectations
Region(s)/Countries
► Bangladesh, India, Malaysia
What BMR did
► A review was conducted
both within the context of
the compliance regime of
the country and international
standards.
► As the Bank conducted a
high volume of US Dollar
denominated transactions
and had a subsidiary network
outside the country, reviews
were conducted in
accordance with global
guidelines
► Our work included interviews
and discussions with key
departments and staff
members to determine key
action areas and solutions
with the goal of addressing
any AML compliance gaps at
the banks.
Key Benefits
► BMR independently tested
the effectiveness of the
bank’s implemented AML
program from the strategic
policy and operational
perspective
► Reported and remediated
gaps identified
► Provided more comfort to
management on the AML
function within the bank
Key Deliverables
► Gap report with
recommendations for
plugging the gapsAML Projects & Experience
AML Reviews | CB Partners of global bank post regulator intervention
14. Private & Confidential
Page 14
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Business Issue
► To develop a comprehensive
PEP database in compliance
with Anti-Money Laundering
(AML) regulations such as
Anti-Bribery Act (ABC), US
Foreign Corrupt Practices
Act, US Patriot Act etc.
► To enhance the customer
due diligence process with
the development of the
aforesaid comprehensive
PEP database
Region(s)/Countries
► More than 240 counties
What BMR did
► Designed political Structures
to holistically capture the
PEP definition (global and
country specific)
► Risk based Scoring Model to
categorize PEPs, their close
associates and family
members
► Sourced Information
pertaining to PEPs from
multiple sources such as
government bodies, news
article, databases etc.
► We performed periodic
reviews and assessment of
all in-scope countries to keep
the developed database
updated
► Developed MIS and reporting
matrices
► Training manuals and SOP
Key Benefits
► Exhaustive database with
global coverage of Political
Public Figures
► Standardisation of PEP
definition, processes across
42 countries, taking into
account differing local
regulations
► Micro- categorization to
distinguish between
international, national and
local PEPs
► Risk rating to easily view
high risk PEPs
► Periodic reviews to maintain
countries with current
political updates
Key Deliverables
► Extensive due diligence
report with respect to
client’s requirement for
250K+ profiles
► Unified research platform
containing complete
associations of Political
public figures
► Standard Operating
Procedures (SOP) and
Reporting framework
► Weekly and monthly
updates on changes
observed in countries
political events
AML Projects & Experience
PEP Review & Build-out | Global PEP repository for 240 countries
15. Private & Confidential
Page 15
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Business Issue
► To conduct due diligence
based on the global FATF
anti-money laundering
(AML) requirements and the
Wolfsberg Principles for
Correspondent Banking for
15K banks
► To create a database for all
these set of banks with the
required set of documents
► To create an online platform
to integrate all the research
findings for these banks
Region(s)/Countries
► Across multiple geographies
globally
What BMR did
► We identified and developed
a database for sources such
as stock exchanges, company
registries, news websites etc.
(primarily public sources)
► Designed a Correspondent
banking due diligence form
► Conducted extensive
research and created a
database on Correspondent
banks that included -
ownership structure,
management details,
regulatory status,
correspondent banking
certifications
► Developed Standard
Operating Procedures and
Training manuals
Key Benefits
► Robust case management
capability with full audit trail
and all supporting
documentation
► Exhaustive database
incorporating data
aggregated from multiple
sources
► Comprehensive listing of key
websites to be screened on
a periodic basis for updating
information
► KYC due-diligence
documentation in respective
CADD forms
► Development of an online
platform
Key Deliverables
► Comprehensive decision-
ready reports on banks to
provide assurance and
protection against
anticipated regulatory
requirements such as US
Patriot Act, FCPA, Anti-
Bribery Act, KYC etc
► Standard Operating
Procedures (SOP)
► Comprehensive database
with set of supporting
documents for each bank
► Risk assessment report
► Weekly Project updates
AML Projects & Experience
Due Diligence | Developing a data set for Correspondent Banks
16. Private & Confidential
Page 16
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Business Issue
► To execute integration of
processes after a significant
Hedge Fund acquisition
► Comply with the US Know-
Your-Customer (KYC)
regulations regarding on-
boarding of customers, in an
accelerated manner
Region(s)/Countries
► Americas
► Western Europe
► Asia-Pacific
What BMR did
► We developed the project
plan; communicated and
obtained the buy-ins from all
locations
► We conducted background
checks to identify Senior
Public Figures and Politically
Exposed Persons and
delivered a Customer Risk
Matrix summarizing the
percentages of customers at
different levels of risk
► Our due-diligence specialists
conducted the on-boarding
due-diligence for 3,500
customers across 7 locations;
complied with the US
regulatory guidelines and
met the project timelines in
spite of all the involuntary
obstacles
Key Benefits
► Access to multi-disciplinary
team that provided
assistance in process
alignment, testing of the
Technology platform, due-
diligence of customers,
project management and
reporting on this significant
integration effort
► Allowed the bank to focus
on key operational and
integration issues; limit
disruption to business; meet
the merger milestones
provided to investors
► Educated the teams across 7
locations globally, on due-
diligence documentation
during a customer on-
boarding process
Key Deliverables
► Seamless integration of
KYC processes
► KYC due-diligence
documentation in
respective CADD forms for
3,500 customers
► Standard Operating
Procedures (SOP) and
Reporting framework
► Integrated approach to
risk assessment straight
through the transaction
from pre- to post-
acquisition phase
► Weekly Project updates
AML Projects & Experience
Post-merger KYC Remediation | Top Wall-Street Bank
17. Private & Confidential
Page 17
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Business Issue
► To develop a customized
KYC platform that would
streamline and standardize
the KYC process at the bank.
► The process included client
on-boarding, customer due
diligence (CDD), risk scoring
and KYC refresh
► To incorporate the requisite
aspects of workflow
management, to enable the
bank’s KYC platform to
address specific needs of its
users across geographies,
roles and teams
Region(s)/Countries
► Global
What BMR did
► Acquired an as-is
understanding of paper-
based processes for relevant
to multiple roles and for
teams from different
geographies
► Prepared a Business
Requirement Document
(BRD) for the bank’s
Technology team to design
the platform
► Interacted regularly with the
bank’s Technology team to
develop the KYC platform
► Performed User Acceptance
Testing (UAT) on several
versions of the platform, and
ensure adherence to the KYC
requirements
Key Benefits
► Quicker and more accurate
Client Onboarding
► Effective KYC remediation
mechanism consistent with
local, regional and global
AML/KYC policies of the
bank
► Integrated Risk Assessment
capability in order to:
Identify the AML risk of
clients
Arrive at suitable
remediation schedules
based on the Risk
Assessment
► Streamlined Reporting,
especially to Audit and
Compliance
► Supports multi-jurisdictional
rules
► Incorporated customized
form designing consistent
with the bank’s global
standards
Key Deliverables
► Unified KYC platform that
optimized the client on-
boarding process
► Automation of the
complete KYC life-cycle,
from on-boarding to
remediation, including
ongoing diligence, refresh
and an empirical
mechanism to risk rank
the clients
AML Projects & Experience
User requirements & UAT of KYC Platform
18. Private & Confidential
Page 18
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Business Issue
► Our client was a global top 5
bank who had an extensive
TM setup in London for their
multi-geographic operations
► The bank decided to
transfer this TM setup to
Poland
► This had to be done
seamlessly by aligning the
required processes and case
management from London
Region(s)/Countries
► Regional Hub for EMEA in
UK and Poland
What BMR did
► We assisted the client in
developing SOPS for the
operations specific to Case
Management by:
Continuously monitoring
suspicious customers
Developing workflows
Assessing existing gaps
and potential areas of
non-alignment
Conducting stakeholder
discussions and feedback
sessions
Conducting on-ground
assessment of ops
► In addition, we assisted our
client in establishing
effective AML alert
disambiguation processes
using KYC information and
transaction history
Key Benefits
► Seamless transfer of TM ops
to another geography
► Effective Case Management
techniques implemented
► Developed reporting and
escalation structures
► Communication and
reporting lines re-defined
► Timely and accurate alerts
► Consolidation of the
detection process across
multiple channels
Key Deliverables
► Established effective AML
alert disambiguation
processes
► Defined SOPS and
Workflows based on global
best practices and
business requirements
AML Projects & Experience
TM CoE set-up of operations | Top Wall-Street Bank
19. Private & Confidential
Page 19
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
BMR Value Proposition
Global
Effective
Project Management
Flexible Delivery Mechanism
Thought Leadership
Extensive experience working with global institutions and an understanding and
knowledge of relevant regulations, systems, databases involved in these large-scale,
multi-location projects.
Our team comprises professionals with experience in the Big-Four as well as leading
banks and are based out of India. This One-Global Team has led to significant cost
benefits for our Clients.
We have developed a flexible operational model, that caters to Client needs with
complete data confidentiality/integrity along with effective coordination and project
management. These include on-ground and in-premises models.
High level of engagement of the senior team, with complete focus on problem
definition, solution development and its implementation.
An extensive emphasis on building knowledge of trends, regulations, processes and
technology ensures that the team develops & executes pioneering & best-in-class
engagements for Clients globally.
Value Proposition
20. Private & Confidential
Page 20
BMR Advisors
Risk & Advisory Services
Anti-Money Laundering
BMR - AML Approach
AML Projects & Experience
The BMR Team
Value Proposition
Sanjay Mehta
Partner & Head of Risk &
Advisory Services
sanjay.mehta@bmradvisors.com
SANJAY MEHTA is a Partner with the firm, leading the Risk and Business Advisory practice. With over 30 years of experience of
advising large Indian and multinational corporations – of which he spent nearly 15 years with Arthur Andersen, and a further 3
years with Ernst & Young. He became a partner in Andersen in 1995, and subsequently became Audit Head and national leader for
the Business Risk Consulting Practice. Sanjay contributed to Andersen’s success by leading several pioneering initiatives in the US,
Europe, Africa and the Middle East. Most Significantly, he led the Telecom practice for Arthur Andersen & EY for the APAC region.
Sanjay is currently the Firm’s leader for Due Diligence assignments, spanning a number of industry sector. His experience in
financial statements, business process reviews, due diligences, performance measurement work, revenue enhancement
techniques, cost reduction and work practices review, reengineering and strategic consulting helps him provide clients with
practical business advice.
Sarabjeet Singh
Partner
Risk & Advisory Services
sarabjeet.singh@bmradvisors.com
SARABJEET SINGH is a Partner in the Risk and Advisory Services practice at BMR and is an expert in the Banking and Financial
Compliances and Utilities Finance Systems, having spent over 9 years working on State Electricity Board clients. Prior to joining
BMR in 2006, he worked for nine years at Arthur Andersen and a further 3 years at Ernst & Young. He has over 21 years’
professional experience, delivering a wide range of services in accounting, due diligence reviews, internal audit, financial reporting
processes, solution development and analytics.
Sarabjeet has also been primarily involved in assurance reviews and audits of large multi-location clients, formulating and
implementing financial accounting packages, policies and practices, operational and financial controls review and financial
systems related fraud investigations. He has extensive experience in AML/KYC matters across geographies and has implemented
global AML/KYC solutions for large financial institutions and multinational banks.
Partner with consulting experience in Anti-Bribery, Anti-Money Laundering & Financial Crimes
Partner and head of Risk Advisory practice with noted leadership Due Diligence & Forensic Services
Risk & Advisory Partners
The BMR Team