ABM is a Global firm who is providing AML, CTF & Fraud risk management consultancy through adopting the best Corporate Governance, Risk management and Compliance practices by utilizing its diversified and expertized knowledge and experience of qualified chartered accountants and consultants, throughout the United Kingdom, Whole Europe, and Canada.

We have expertise and experience to provide GRC solutions for financial institutions those are struggling to comply with the stringent Canada AML and CFT Laws. Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) were published in the Canada Gazette in 2019 and 2020, the bulk of which will come into force on June 1, 2021.

ABM Global Compliance assist to obtain the relevant Licence from FI (Finansinspektionen)

Corporate Governance

Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. Corporate Governance refers to the way in which companies are governed. It identifies who has power and accountability, and who makes decisions.

A robust corporate governance framework helps to promote the sound and prudent management and oversight of business that is crucial to meet regulatory expectations, mitigate risk, protect the interests of your customers and stakeholders, and contribute to long-term sustainable growth.

Canada Business Corporations Act provides the guidance to the companies in relation to board management and minimum legal requirement for the corporate companies to operate.

How can we help you?

Financial institutions are required to have best corporate governance system to minimise the risk of financial frauds and prudential risk management.

Good corporate governance sets the tone of how an organisation operates. ABM and its experienced team have the comprehensive expert knowledge to provide practical, tailored corporate governance solutions. We will assist you in defining the reporting structure and responsibilities of departments.

RISK:

FINTRAC issued guidance to help the financial institutions to understand the main types of the risk, which a company may be exposed to and emphasis the adoption of the risk-based approach that will mitigate the risk.

Risk Management is an essential component of the overall corporate governance and internal control structure of an institution. Regulators would expect all regulated firms to have an enterprise-wide risk management process appropriate to the nature of the business undertaken. That process will clearly be more stringent for the financial institutions.

How can ABM help?

ABM advice the companies to implement the risk-based approach after assessing the latest National Risk Assessment carried out by the Government and the business wide risk assessment the firm is exposed to. ABM will help the companies to design the controls as per the company’s financial strength and complexity of structure to ensure cost vs benefit analysis remain intact and cost does not overweigh the benefits.

ABM has vast and diversified experience in assisting firms to create, develop and maintain their risk management systems. Our assistance will be according to your specific need and will be related services.

Compliance

As regulatory bodies and the Government is taking extensive measures to combat the money laundering and terrorism financing risks. FINTRAC is also expecting the financial institutions to strengthen its compliance controls and procedures. Firms are required to have a compliance officer in the firm who will ensure to manage the compliance health of the company.

FATF and APG issued mutual evaluation report in 2016 after evaluating the AML and CFT controls in Canada and they provide them 40 recommendations to implement. After that the government of Canada is updating the laws and for financial institutions it is compulsory to operate under regulatory guidance.

How can we help?

Our team understand your business needs and objective and then they will come up with the bespoke solutions

Our experienced team of consultants can provide you with sensible, efficient and effective solutions to managing regulatory risk on a range of areas including:

  • Corporate Governance
  • Risk Management
  • Prudential Risk management
  • Financial Crime Prevention
  • Fraud prevention
  • Regulatory Reporting
  • Compliance management
  • Data Protection

Are you looking for Total Compliance Solutions?