Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT)

  • AML-CFT compliance program
  • Due diligence
  • Customer identification/ verification check
  • Investigations
  • AML-CFT corrective services
  • Remote processing

Minimizing the risks of money laundering, terrorist financing and other illicit activities is of paramount importance in today’s shifting landscape of cyber security. Strict compliance with applicable laws, directives, rules and regulations is possible when you have robust and appropriate AML - CFT programs in place.

AML-CFT Compliance Program

An effective AML - CFT prevention program is a key set of measures that your organization must have to ensure safety and security. The protection and promotion of your reputation with all stakeholders is at risk if an effective program is not administered. We'll implement, refine and update your AML - CFT program and enhance your compliance culture with functional, firm-wide training that reflects the latest regulatory and enforcement trends. We also focus on following industry best practices and addressing all the compliance related exceptions identified by regulatory agencies and auditors.

Due Diligence

The AML-CFT due diligence and suspicious transaction reporting regulations normally require financial institutions to use a risk-based approach when determining the risks from doing business with customers and third parties. We design the systems that assist you in:

  • Conducting customer and third party due diligence
  • Monitoring customer account activities to detect suspicious transactions
  • Customizing solutions, including risk-scoring, money launder reporting, opening new accounts (or client on boarding), sanctions and negative information screening
  • Accessing public records of high risk customers
  • Applying due diligence solutions as required and appropriate

Customer Identification/Verification Check

There are so many other advantages to outsourcing portions (or all) of your AML - CFT compliance program to Fernhill.  We can also:

  • Build an effective and robust AML program that eliminates in house internal financial pressures and resource constraints
  • Supplement your existing efforts and provide global customer identification programs and due diligence solutions


Investigations can be carried out as required on any alleged violations of AML - CFT law and/or related rules, directives or applicable regulations. The scope of such an investigation includes, but is not limited to:

  • Allegations of financial mismanagement
  • Internal control deficiencies or exceptions
  • Any other financial improprieties

Our investigative reports are independent and focus on addressing the concerns identified by regulatory/law enforcement agencies, management, owners, partners and other concerned parties.

AML-CFT Corrective services

By offering due diligence and other professional services, we help you to:

  • Correct deficiencies or exceptions in your AML - CFT compliance programs
  • Adjust efficiently and competently react to changes in the law and/or internal control and other supervision policies and procedures.
  • Perform AML-CFT remediation services that include “look back” reviews of past, high risk activities (in all accounts) to help detect unreported transactions

Remote processing

We also offer remote processing of your AML-CFT transactional monitoring activities. This statistically risk-based approach can:

  • Save significant revenue in recurring costs from back office operations
  • Remove the need for costly upgrades to your software program because of changing domestic and international regulatory environments
  • Filter and report suspicious transactions per best industry practices
  • Remove the potential embarrassment of identifying and reporting suspicious transactions of valued customers
  • Create an AML-CFT environment that is acceptable to all local and external regulatory bodies
  • Allow you to meet the requirements of your correspondent banks
  • Create the AML-CFT mindset necessary for you to be in compliance in an evolving regulatory environment