To meet regulatory requirements, respond to the market environment and comply with audit standards, KPMG as an audit firm has developed a sophisticated tool: the KPMG AML Audit D&A Dashboard ("AML" stands for "Anti-Money Laundering", "D&A" for "Data & Analytics"). It is not only of great benefit to our regulatory audit clients, but also advisory clients. Using the dashboard, KPMG is able to provide targeted and effective support in monitoring risks.
The newly developed dashboard brings together two powerful success factors: KPMG’s many years of experience in combating money laundering and terrorist financing, and best practice in the Swiss financial market. The new tool allows an analytical view of a financial institution’s entire customer structure, even if only a small amount of customer data is available. It is also fully scalable with compliance risk indicators and transaction data.
The KPMG AML Audit D&A Dashboard also provides a complete overview of customer risks related to money laundering. Thanks to predefined D&A routines, users get a holistic view of the customer base as well as of each individual customer – for perfection in every portfolio analysis. The D&A routines link the customer and transaction aspects, providing in-depth insights into customer behavior. Furthermore, with the additional tool "K-3PID", an independent view of the respective customer can be gained in just a few minutes.