ACAS (AML/CFT Consultancy and Advisory Services) is a specialized firm that provides expert advisory, consultancy, and training services in Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT), and Counter Financing of Proliferation (CFP). We assist businesses, financial institutions, and regulatory bodies in strengthening compliance frameworks, conducting risk assessments, and developing AML/CFT policies and procedures.
AML/CFT compliance helps prevent financial crimes such as money laundering and terrorism financing. It ensures businesses follow regulatory requirements, mitigate financial risks, and maintain trust with stakeholders.
Industries such as banking, insurance, forex trading, real estate, casinos, fintech, and legal & accounting services must comply with AML/CFT regulations. Non-financial businesses dealing with high-value transactions are also subject to AML/CFT requirements.
Yes, we assist businesses across different jurisdictions in aligning with global AML/CFT best practices, including FATF recommendations and other international regulations.
An AML/CFT compliance program typically includes:
We provide tailored AML/CFT policy development services, ensuring that your policies align with national regulations and international standards. Our team drafts comprehensive policies that integrate with your business operations and regulatory requirements.
An AML/CFT risk assessment identifies and evaluates the risks of money laundering and terrorism financing within an organization. It helps businesses implement effective risk mitigation strategies, ensuring compliance and protecting against financial crime exposure.
AML/CFT policies should be reviewed at least annually or whenever there are regulatory updates, business model changes, or emerging financial crime threats.
KYC (Know Your Customer) is the process of verifying the identity of customers to prevent fraudulent activities and money laundering. It helps businesses assess risks and ensure regulatory compliance.
CDD involves:
EDD is an advanced level of due diligence applied to high-risk customers, including politically exposed persons (PEPs) and businesses in high-risk jurisdictions. It involves gathering additional information and monitoring transactions more closely.
We provide training, policy development, and advisory services to help organizations implement effective KYC and CDD processes, ensuring compliance with regulatory standards.
Yes, we offer tailored training programs for financial institutions, businesses, regulators, and law enforcement agencies. Our training covers AML/CFT fundamentals, risk assessments, regulatory compliance, and industry best practices.
AML/CFT training is essential for:
Staff should receive AML/CFT training at least annually, with additional sessions when regulatory changes occur or when employees are exposed to new financial crime risks.
An STR is a report submitted to financial intelligence units (FIUs) when a business identifies a transaction that appears unusual, suspicious, or potentially linked to money laundering or terrorism financing.
Transactions that should be reported include:
Failure to report suspicious transactions can result in regulatory penalties, reputational damage, and legal consequences, including heavy fines or business restrictions.
Yes, we assist businesses in setting up STR procedures, training employees on identifying suspicious activities, and ensuring compliance with reporting obligations.
We align our methodologies with:
To remain compliant, businesses should:
Empowering financial institutions and businesses with expert AML/CFT advisory, consultancy, and training to combat money laundering, terrorist financing, and financial crimes.
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