At RKA we offer specialized consulting services in Anti-Money Laundering (AML), OFAC/Sanctions Compliance.  Our approach is designed to address the specific needs of each client, ensuring effective and sustainable implementation.

Services Offered

1. Developing and Reviewing Policies and Procedures
   • Development of AML/CFT/OFAC policies and procedures tailored to the needs of your organization.
   • Review of anti-fraud policies and procedures.
2. Corrective Plan Recommendations
   • Proposals for actions to address deficiencies and gaps, ensuring their integration and sustainability.
3. Specialized Training on the following topics:
   • Annual and tailored training for employees and boards of directors in key areas:

o    AML/BSA

• Annual Employee Training
• Annual Board Training

o    OFAC and Sanctions Programs

o    CIP/CDD/EDD

1. Lookback Review
   • Analysis of past activities to identify possible irregularities.
2. Evaluation of Financial Crimes Units and Functions
   • Review of the capabilities and effectiveness of the units in charge of financial crimes.
   • It includes analysis of personnel, functions, operability and technological resources.
3. Preparation of AML/OFAC Risk Assessments
   • Identification and assessment of specific risks in your organization.
   • Use of quantitative and qualitative methodologies.
   • It includes the methodology, the workbooks, and the final report for each risk indicator examined.
4. OFAC/Sanctions System Calibration
   • Adjustment and optimization of the compliance system with OFAC.
5. Transaction Monitoring Calibration
   • Streamlining alerts from transaction monitoring systems.
6. Coverage Assessment Design for Monitoring Rules
   • Ensuring that monitoring rules adequately cover identified operations and risks.
7. Design of the Client Risk Rating Matrix
   • Tool to classify customers according to their level of risk.
   • Adapted to natural clients, legal entities, non-resident foreigners, PEPs, non-bank financial institutions, non-profits, PSPs, Cash Intensive and others.
8. Design of the Geographic Risk Matrix
   • Identification of risks associated with different geographical locations.
9. Advice on Due Diligence Measures
   • Recommendations for high-risk customers and products.
   • Changes to forms or data entry to ensure compliance.
10. Know Your Customer (KYC) and Enhanced Due Diligence (EDD) Advisory
    • Guidance on specific requirements for KYC and EDD.
    • Procedures
    • Documentation
11. Advice on Correspondent Relations and Controls

o    Strategies for managing relationships with correspondents and their controls.

1. OFAC Compliance Advisory
   • Recommendations on how to comply with OFAC regulations.
   • Alert Management
   • Reports to OFAC
   • Voluntary Disclosures for Judgments to OFAC
2. AML/OFAC Program Audits
   • Evaluation and verification of the effectiveness of compliance programs.
3. Technical Validation of Systems
   • Review of:
     • OFAC System
     • Transaction Monitoring Systems