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KPMG Supports Financial Institutions in Meeting CSSF Regulation No. 12-02 Requirements
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Luxembourg, [Date] - As the financial landscape continues to evolve, regulatory bodies are implementing stricter requirements to combat money laundering and terrorist financing (AML/CTF). In response, KPMG has developed a range of solutions to help financial institutions meet these challenges.
Preparing and Delivering Training Content in Line with Regulatory Requirements
KPMG’s experts create and deliver comprehensive training content that meets the specific needs of each institution. This includes both in-person and eLearning platforms, ensuring that all employees are equipped with the necessary knowledge to effectively comply with regulatory requirements.
Benefits
- Customized training content for each institution
- Both in-person and eLearning platforms available
- Expert trainers provide comprehensive knowledge transfer
Ensuring Accurate and Complete Data Collection
Our team helps clients ensure that their data is accurate, complete, and compliant with regulatory requirements. We provide expertise in completing Financial Intelligence Unit (FUI) goAML tasks, creating reports for management and boards of directors, and liaising with authorities regarding documentation requests and surveys.
Benefits
- Expert guidance on data collection and reporting
- Compliance with regulatory requirements ensured
- Accurate and complete data management
Overseeing AML Tasks Delegated to Transfer Agents, Distributors, or Portfolio Managers
KPMG’s experts assist clients in overseeing AML tasks delegated to third-party entities, ensuring that these parties are meeting regulatory requirements. We also provide support in performing due diligence, ongoing screening, and transaction monitoring.
Benefits
- Expert oversight of AML tasks delegated to third-party entities
- Compliance with regulatory requirements ensured
- Ongoing screening and transaction monitoring
Tackling Unexpected Workloads, Regulatory Inspections, and Resource Constraints
In today’s fast-paced environment, unexpected workloads and resource constraints can be a significant challenge for financial institutions. KPMG’s experts are available to provide guidance and support during these periods, ensuring that clients remain compliant with regulatory requirements.
Benefits
- Expert guidance and support during unexpected workloads and resource constraints
- Compliance with regulatory requirements ensured
- Minimized risk of non-compliance
Know Your Business Relationships (KYBR)
Our KYBR solution is designed to help financial institutions meet their AML/CTF due diligence obligations for all business relationships. This includes a web-based tool and a dedicated team of experts who perform first-level due diligence reviews, screening, and file preparation.
Benefits
- Due diligence on all business relationships
- Fully customizable due diligence controls
- Single repository and dashboard tool
- Minimized compliance risk
- Audit trail
- KPMG support service
Integrity Line
In addition to our AML/CTF solutions, KPMG’s Integrity Line is an end-to-end whistleblowing solution that helps organizations design policies, build a framework for receiving reports, and investigate cases. Our experts provide guidance on implementing a whistleblowing policy and line, performing triage of reports, and investigating serious cases.
Benefits
- End-to-end solution
- Expertise in case management and investigation
- Secure and ISO-compliant platform
- Adequate response to reported incidents
For more information about KPMG’s AML/CTF solutions and how we can support your organization, please contact us at [insert contact information].