Egypt’s Financial Institutions Receive Boost from Andersen’s Compliance Program
Andersen, a global professional services firm, has launched a comprehensive compliance program tailored to the needs of local banks in Egypt. This initiative aims to help financial institutions stay compliant with regulatory requirements and international best practices.
Compliance Solutions for Financial Crime Risk Management
Andersen’s team of qualified professionals offers state-of-the-art consultancy services, recommendations, and solutions designed to assist clients in managing financial crime risk. The firm’s Financial Crime Compliance Advisory Services include:
- Evaluation of financial crime programs
- Designing anti-money laundering (AML) and counter-terrorism financing (CTF) policies and procedures
- Monitoring and investigation programs
- Advice on AML/CTF systems
- Designing anti-money laundering risk matrices
- Performing GAP analyses
- Guidance on blacklists management techniques
Regulatory Compliance Advisory Services for Digitization Challenges
Andersen’s Regulatory Compliance Advisory Services focus on helping banks navigate the challenges of digitization while maintaining regulatory compliance. The firm offers:
- Evaluation and restructuring of regulatory compliance functions
- Testing the efficiency of such functions
- Designing compliance checklists
- Creating regulatory matrices
Corporate Governance Advisory Services for Good Governance Practices
The Corporate Governance Advisory Services offered by Andersen include:
- Evaluation and restructuring of corporate governance programs
- Designing policies and procedures to promote good governance practices
Quotes from Andersen’s Spokesperson
“By providing these services, we aim to help financial institutions in Egypt stay ahead of the curve in terms of compliance, risk management, and corporate governance,” said a spokesperson for Andersen.
“Our team of experts has extensive experience across the region and is committed to delivering high-quality solutions that meet the unique needs of our clients.”
Overall, Andersen’s comprehensive compliance program aims to support financial institutions in Egypt in their quest for regulatory compliance, risk management, and good governance practices.