The Comptegrity Center for Risk Management (the Center) is committed to ensuring organizations understand, and are equipped with the tools necessary to manage various types of compliance risks associated with the ever-changing landscape of laws, regulations and technology.
The Center provides organizations with a reliable approach to demonstrate their efforts to identify, assess and mitigate risks as they grow and evolve, and to develop or enhance effective compliance programs in accordance with regulatory expectations, recognizable standards and evaluation processes.
Understand applicable laws, potential vulnerabilities to economic crimes, and elements of AML and sanctions programs
Four levels of AML and sanctions compliance programs certifications reflecting your organization’s evolving compliance capabilities
Achieve desired AML and sanctions compliance program maturity for the nature, size and scope of your operations
As prosecutions and enforcement intensify, forward-looking organizations of all sizes and growth stages need effective compliance capabilities to avoid criminal abuse, costly penalties, disruption to operations, damaged reputations and possible criminal charges.
No organization in any sector is immune to criminal abuse. The Center supports the compliance efforts of for-profit and not-for-profit organizations, including, but not limited to banks and other traditional financial institutions, DeFi, virtual currencies and other digital assets businesses.
With the increasing importance of AML and sanctions compliance, the needs of both established and growing companies change, and the compliance programs should accurately and appropriately reflect the business model and its operations at any stage.
As organizations need guidance to develop or enhance their AML and sanctions compliance, the Center provides cost-effective access to subject matter experts with diverse backgrounds, including lawyers, compliance officers, risk managers, auditors and industry experts.
Gain an appropriate understanding of applicable laws, potential vulnerabilities of your organization to economic crimes and the elements of AML and sanctions programs that will mitigate exposure to such criminal activity and support compliance with laws.
Engage in an immersive hands-on bootcamp and other training to develop and enhance your AML and sanctions compliance efforts, including how to assess risks, and create policies, procedures and controls appropriate for your organization’s activities.
Take your organization’s compliance efforts to the next level, assure your AML and sanctions programs adequately reflect the organization’s operations, the ever-changing landscape of enforcement, and incorporate appropriate technological tools.
Progress through four levels of certification to demonstrate the effective development and implementation of your organization’s AML and sanctions compliance programs.
The Department is committed to rewarding responsible companies and financial institutions that promote ethical corporate culture and invest in effective compliance programs. I urge financial institutions and companies to spend time designing, implementing, and updating their compliance and AML programs to ensure they are effectively detecting and preventing sanctions violations and KYC evasions.Assistant Attorney General Kenneth A. Polite, Jr.
AML policies and procedures exist to help financial institutions combat money laundering by stopping criminals from engaging in transactions to disguise the origins of funds connected to illegal activity.Dow Jones
The purpose of implementing anti-money laundering and counter-terrorist financing (AML/CFT) measures is to stop criminals and terrorists from abusing the financial system. Financial systems and the broader economy are protected from the threats of money laundering and the financing of terrorism and proliferation, thereby strengthening financial sector integrity and contributing to safety and security.Financial Actions Task Force (FATF)
AML controls, when effectively implemented, mitigate the adverse effects of criminal economic activity and promote integrity and stability in financial markets.International Monetary Fund
One thing lawyers persistently have to dispel in the enforcement context is that sanctions only apply to banks.Andrea Gacki, director of the U.S. Office of Foreign Assets Control
Sanctions screening is a critical part of a firm’s regulatory compliance framework and helps protect businesses from illegally engaging with any sanctioned companies, entities or individuals. In fact, all businesses are obliged to comply with sanctions screening requirements and penalties for breaches can be significant. In addition to customer screening, firms are encouraged to complete transaction screening to identify any payments involving designated individuals or entities.Dow Jones
Sanctions screening is a critical process for financial institutions to ensure compliance with regulations and prevent money laundering, terrorist financing, and other illicit activities. The process helps protect reputations, prevent financial loss, and strengthens the overall integrity of the global financial system.Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Though most people don’t think of sanctions, export controls and foreign investment reviews when they think of national security, these tools are key to the U.S. domestic and foreign policy strategy.Kristen Eichensehr, director of the National Security Law Center at the University of Virginia School of Law