Retrospektive
For many years we successfully support banks and insurance companies in fighting financial crime and achieving sustainability standards.
Set up of a global AML rollout program
It has been the project’s objective to develop an overall rollout strategy and to manage a rollout for eight initial subsidiaries. A service provider and a specific AML tool had been chosen well in advance, while contracts and licensing still had to be concluded, alongside the creation of a project organization and communication.
Development of an AML risk analysis tool
The project’s objective was to come up with a full-fledged tool, which allows companies to audit and document, whether they fall under section 2 of the Money Laundering Act (GWG). It then was intended to develop a specific risk analysis questionnaire, which instructs companies, that are liable by the Money Laundering Act to gather and assess their specific risks regarding money laundering and financing of terrorism.
Implementation of the ISO-20022-XML standard
Objective The migration of the neu global standard for payments to ISO-20022-XML is a global program, which – regarding the exchange of payment information – requires the implementation of a unified information standard. Many payment and booking systems up to this day rely on old-fashioned information formats (MT), which will be migrated to the more […]
Introduction of a knowledge management solution
Knowledge management has a key role in consulting agencies, as qualified service is based on the knowledge and experience of all. The project’s aim of this internationally operating medium-sized consulting agency was to implement an already chosen knowledge management system for test purposes, whose methodology is supposed to make a solid knowledge base accessible to selected teams, thus enabling a company-wide transfer of knowledge and experience.
Detection of shell companies
During a review (an audit), the Monetary Authority of Singapore (MAS) detected a security gap, that was reported to the affected bank as a regulatory finding. As a counter measure, it was intended to implement an automated solution for the exposure of offshore companies in the transaction monitoring of Oracle’s Mantra system. In doing so, technical possibilities had to be evaluated, and a process had to be set up, that identifies offshore companies within a transaction while simultaneously reporting back any findings to an AML system.
Analysis of sanction cases of a major bank
A leading international bank had already implemented a sanctions screening tool. The compliance department needed an expert for economic sanctions to analyse and evaluate the generated hits. Because it was possible to come across sanctioned persons or organisations, a diligent analysis based on the internal corporate policies and external legal requirements was necessary.
Implementation of a sanctions screening tool
It was the goal of this globally operating and partly market-leading insurance company, to steer, standardize and automate its activities, regarding the fight against financial crimes focussing on sanctions. There was a need for a project lead, that is accountable for the implementation of insurance as well as service products, at one of the large subsidiaries and 33 further global, legally independent units.
Rollout of mobile hardware for remote work
As part of the project “new work” employees from all German business locations of an international insurance company, were given the opportunity to participate in mobile work to be able to work time- and location-independent. Within the project a central control center had to ensure the provision of mobile workspace hardware, the hardware rollout and had to actively accompany service and support processes as well as providing regular operation.
Transfer of a sanctions solution into RUN mode
The client, a global leader in industrial insurance, had already implemented a software to identify and monitor sanction breaches. Essential requirements for transferring the software into regular operation, such as compiling user indexes, trainings and coordinations with the IT support, had not been completed. Further needs existed in the integration of additional insurance portfolios from Asia and North America, into the automated sanctions screening. For operation of the hit analysis a central unit needed to be built.
Development of an education catalog
A leading insurance company with more than 20.000 employees working, needed a project manager, who would set up the entire Germany-wide education programme for the subsequent year. The aim was to identify all existing and required educational opportunities and provide them for the employees in form of an education catalogue.
