Continuous change requires a reliable partner

Thanks to our many years of experience and extensive anti-financial crime expertise, we can provide you with holistic support for all your money laundering prevention needs

Anti-Financial Crime

The topic of anti-financial crime has gained enormous importance in recent years. At the same time, the topic has become more diverse and the range of tasks for AFC specialists more extensive.

The implementation of more and more new regulatory requirements and regulatory initiatives poses major challenges for the financial industry in times of low interest rates and declining margins. The main task for companies is not only to implement regulatory and legal requirements, but also to be efficient and effective in doing so.

CURENTIS has focused on anti-money laundering and the KYC process. Thanks to our holistic consulting approach, we provide support in both the efficient professional and technical implementation of regulatory requirements and the digitization and automation of relevant processes. This comprehensive range of consulting services is rounded off by the strategic cooperation between CURENTIS and the information service provider CRIF. Here, you have two reliable partners with years of experience and the highest level of expertise at your side in all matters relating to KYC. In addition, the innovative products "KYC More" and "YourKYCplus" offer you a high degree of efficiency and effectiveness - thanks to the automated processes, KYC checks can often be generated and made available to the customer in a matter of seconds.

WHY CURENTIS?

Experience

Years of extensive industry expertise through numerous AFC projects at well-known institutions

Competence

Highly qualified and experienced consultants with certifications in the field of AFC

Reliability

Proceeding in accordance with the latest standards and guidelines for legally compliant compliance with your money laundering prevention measures

Cooperation

Comprehensive and trustworthy consulting as well as support in all AFC topics

Our services

Our consulting spectrum includes all topics from the comprehensive area of Anti-Financial Crime (AFC). In particular, we focus on detailed Know Your Customer (KYC) analysis and the prevention of money laundering (AML).

Know Your Customer (KYC)

Identification and verification of contractual partners, comprehensive KYC analysis, risk classification of customers and identification of beneficial owners
Accurate identification checks, assessments of complex ownership and control structures, and conducting background research on companies and individuals
Prevention and reduction of backlogs in AFC - subject areas

Transaction Monitoring

Processing of hits in transaction monitoring by checking against your "red flags" at the transaction level
Assessment of your transactions for plausibility through a fully comprehensive check for suspicion of money laundering and terrorist financing
Additional support in the so-called origin verification of your customers with regard to funds and assets (Source of Wealth and Source of Funds)

Money Laundering Reports

Processing of internal suspicious cases according to the Money Laundering Act (GWG)
In the preparation of SARs, we support you, among other things, in the processing of case processing backlogs

List screening

Support in the processing of e.g. sanctions, embargo or PEP hits as well as negative news
Careful analysis of the hits from your list matching with regard to hit probability as well as the immediate forwarding of the hits after successful verification to your responsible departments

Our project experience

Introduction of new KYC process

We were responsible for the project to introduce a new KYC process for a German retail bank:

Project Management
Monitoring and control of the pipeline
Further development of monitoring
Creation of the new work instruction
Training of the KYC team
Coordination of requirements with IT

Quality assurance of the KYC process

For a major German bank, we supported the optimization of the quality assurance of the KYC process:

Quality review of new client documents as part of corporate client onboarding.
Documentation of KYC risks
Development of improvement proposals for process optimization and risk mitigation
Technical training of the KYC team
Development of QA standards

Support day-to-day and project operations in the area of Compliance/ AFC.

For an international bank we supported with staff the day-to-day and project business of the Compliance and AFC area in the following activities:

Sanction hit processing
Transaction Monitoring
Preparation of compliance decision bases
Processing of suspected money laundering cases
Design, creation and maintenance of AFC Daily Reporting

Introduction KYC as a Service solution

We supported the introduction of a KYC as a Service solution for a large data provider:

Project management
Special Matter Experts
Creation of the KYC policy
Test execution
Support of the agile development process
Accompaniment of the Specification

Support in operational compliance/anti-financial crime activities.

We performed the following tasks for a bank focused on real estate business:

Alert & Hit Handling
Sanction hit processing
Final Quality Assurance on Compliance Votes
Monitoring of Enhanced Customer Due Diligence
Risk assessment KYC Treasury

Our expertise

Implementation and realization of regulatory requirements

Implementation of new regulatory requirements - including gap analyses, efficient project management (or PMO) and quality assurance.

Risk analyses, controls, policies and reporting

Review policies and processes for effectiveness and efficiency of approaches, procedural instructions, and reporting; review and adjust risk and hazard analyses.

Process optimization and automation

Identification of optimization and automation potentials for processes along the entire value chain, identification and elimination of system, control, and process weaknesses.

Digital transformation

Consulting and support in the development, selection, configuration and implementation of digital solutions.

Our product range

Fulfillment of money laundering due diligence and reporting obligations through an efficient and cost-effective outtasking solution regarding digital KYC analyses for corporate clients.

to the YourKYCplus website

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Contact us

Ralf Penndorf

Executive Board
ralf.penndorf@curentis.com
T: +49 (0) 6171 - 95 598 10
M: +49 (0) 170 - 85 292 89