Money laundering is a crime of both international and local impact, with legal, economic, and political ramifications. Businesses wisely take pro-active steps to protect themselves in this realm. Effective anti-money laundering (AML) programs must comply with regulatory requirements and allow the institution to react knowledgeably and decisively. Successful AML systems combine the use of Know Your Customer (KYC) data and automated transaction monitoring to quickly detect indicia of money laundering, thereby allowing analysts to perform diligent and time-sensitive reviews to confirm and document patterns of suspicious activity. Stroz Friedberg offers a flexible transaction monitoring approach that addresses the particular challenges of each institution and prepares an organization's IT, legal, compliance, and risk departments to be able to act quickly and effectively.
Stroz Friedberg's AML methodology derives from our experience with leading global financial institutions, including the design and implementation of AML transaction monitoring systems. As former federal prosecutors and senior members of law enforcement, our professionals have extensive backgrounds in federal anti-money laundering and anti-terrorist financial enforcement . We have developed specialized investigative, digital forensic and analytic methods to identify potentially suspicious monetary transactions. Our financial clients rely upon our ability to design, enhance, and audit their surveillance of money laundering.
Stroz Friedberg offers a unique combination of expertise in digital forensics and AML data analytics to address every stage of AML system design. This expertise is used to customize every aspect of the AML transaction system to the client’s technical and business environment: from data identification and acquisition to statistical analyses and transaction monitoring. Stroz Friedberg offers a specialized solution to each client. Our analysis provides a comprehensive assessment, identifies data integrity issues that may otherwise hamper monitoring efforts, and offers cost-effective solutions that help to meet regulatory requirements.