Following the EU’s requirement to satisfy anti-money laundering and financial crime tests, we were asked to undertake a comprehensive review of policies and procedures on anti-money laundering, sanctions and financial crime compliance for a leading commercial bank in the Asia Pacific region.
The assignment took place over several weeks and included a detailed review of existing policies, followed by the formulation of several key recommendations. These recommendations were presented to senior bank management along with thorough guidance on implementation.
In the shadow of a highly stressed banking environment, a central bank-imposed credit moratorium, combined financial challenges faced by obligors and other stakeholders and additional regulatory pressures, we were asked to undertake a thorough review of capital and liquidity planning and requirements for an Islamic commercial bank in Southeast Asia.
The review took place over several weeks and included the deployment of comprehensive stress tests. Key recommendations were drafted and presented to bank management, along with further recommendations for the development and implementation of key financial plans, including ICAAP and ILAAP.