Service Overview

What is the
client issue?

Financial services companies regularly deal with multiple investors, vendors, and third parties. It is crucial for our clients in this industry to have a thorough understanding of who they are conducting business with and third-parties’ risk profiles prior to conducting business with them.

Brokerage firms, investment advisors, hedge funds and other financial service companies need assurances their clients are not:

  • Subject to any sanctions
  • Politically Exposed Persons (PEPs)
  • Named in any adverse media

Regulators have been increasingly focusing on the asset management sector with increasing volumes of investment flowing into asset management, particularly from emerging markets, both on the investor side as well as investment opportunity side.

As such, AML is becoming a key risk area for asset managers as their business operations are more globalised than ever and regulators focusing on AML risks more than ever as well. 

How does
Optima help?

Optima has invested in leading AML compliance software (e.g. Actimize and LexisNexis Bridger) to assist clients with investor and third-party onboarding, investment due diligence and ongoing due diligence.

We focus on the areas that matter most to you and provide results in a timely manner. Optima can review existing AML policies and procedures to ensure they are in accordance with industry best practices.

Optima Helps Clients With:

  • Investor onboarding and due diligence
  • Ongoing sanctions, PEP and adverse media screening
  • Vendor due diligence
  • Annual reviews or audits of AML policies and procedures
  • AML training
  • Risk assessments
  • Region-specific AML support
  • Advisory services and ongoing assistance regarding investors or vendors from high-risk jurisdictions
  • Policy and procedures development
  • Internal audits and testing
  • Examination support
  • Portfolio company reviews
OVERVIEW
Optima Case Study
AML Policies and Procedures Annual Review

Optima was engaged by a client to conduct an in-depth review of its existing compliance policies and procedures to ensure that they are in accordance with industry best practices. As part of the project, Optima conducted an initial risk assessment of the client’s AML risks so that a commercial and compliant risk-based AML framework could be implemented.

Optima then updated the client’s existing AML programme to be a more risk-based framework with updated AML, Know Your Customers (KYC)/ Customer Identification Program (CIP) and Customer Due Diligence (CDD)/ Enhanced Due Diligence (EDD) policies and procedures.

The client then engaged Optima to outsource its ongoing AML due diligence requirements, whereby Optima conducts regular screening of existing investors and third-party relationships, but also completes the initial screening of any new investors and third-party relationships. 

CASE
STUDY
Contact Us

info@optima-partners.com

CONTACT

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