One of today’s greatest challenges and the most significant risk to the financial sector is financial crime – particularly when committed in the digital space. Combating and preventing such activities is a primary responsibility of financial institutions, making it a key priority not only for the financial sector itself but also for cryptocurrency and fintech companies, as well as for supervisory authorities safeguarding the stability of the financial system and the trust placed in it.
Anti-money laundering, fraud prevention, and sanctions compliance are critical not only from a regulatory but also from a business perspective. An effective AML and compliance framework is not merely a tool for regulatory compliance, but also the foundation for reducing reputational and operational risks.
KPMG, recognizing the importance of managing fraud and cyber risks, supports its clients in meeting relevant EU and international requirements while ensuring that their operations remain secure and auditable.
The strong regulatory focus and the upcoming launch of AMLA currently place anti-money laundering and fraud prevention at the center of compliance for financial institutions. Our services in this area cover the assessment and strengthening of the entire AML/CTF framework, including:
- risk-based customer due diligence,
- review of transaction monitoring systems,
- identification of suspicious activities,
- and support in reporting to the authorities.
As part of continuous availability, we can provide:
- real-time monitoring of transactions,
- investigation of system-generated alerts,
- timely preparation of reports related to suspicious activities.
Our sanctions compliance services cover the following areas:
- conducting screenings against international sanctions lists,
- analyzing positive matches,
- proper documentation of measures related to the blocking, rejection, and reporting of transactions.
Our advisory services cover:
- to support the local implementation of central compliance procedures,
- to consider the specific features of the national regulatory environment and business operations,
- to assess existing compliance risks,
- to prepare regular reports and analyses for Compliance management.
Under the guidance of the Compliance Officer, we also support the execution of internal compliance monitoring and audit, thereby contributing to the continuous improvement of the control environment.
Our goal is not only to ensure that our clients comply with AML/CTF and sanctions requirements, but also to help them build an integrated, proactive compliance framework capable of effectively managing risks related to financial crime – thereby strengthening the institution’s market and regulatory credibility. To achieve this, our team provides both external expert support and on-site professional services.
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