What financial service firms does ABM Global Compliance support?

We assist firms in banking, payments, electronic money, capital markets, and other financial-services sectors with compliance, regulatory authorisation, AML/CTF, risk management, governance, and ongoing compliance support.

Do you help with regulatory licensing and authorisation?

Yes. We provide support with preparing applications, understanding requirements, capital, governance, policies, and liaising with regulators for financial services licensing.

What AML/CTF obligations do financial service firms need to meet?

They need to have customer due diligence (KYC/KYB), transaction monitoring, reporting of suspicious transactions, sanctions screening, risk assessment, record keeping, staff training, and internal oversight.

How often should financial service firms review and update their compliance frameworks?

At minimum annually, or sooner if there are regulatory changes, internal incidents, or business model changes that affect risk or operations.

What is regulatory reporting and how can you help?

Regulatory reporting includes periodic or ad-hoc filings required by regulators. We help firms prepare, review, submit these reports accurately and on time, and advise on new reporting requirements.

Why are governance & internal controls important in financial services?

Good governance ensures accountability, oversight, risk awareness, and helps maintain regulatory compliance. Internal controls help prevent errors, fraud, non-compliance, and protect the firm and its customers.

Financial Services Advisory | ABM Global Compliance

Regulatory Licensing & Registration

We guide clients through the process of obtaining required authorisations from the FKTK and relevant EU authorities. This includes investment firm licences, payment institution licences, electronic money institution approvals, and VASP/crypto registrations. We ensure full alignment with Latvian law, EU directives, and AML/CFT obligations.

Compliance Framework Development

ABM designs tailored compliance programs covering AML, CFT, KYC, GDPR-compliant data privacy, and risk management. These frameworks ensure proactive risk identification and alignment with both national and EU supervisory expectations.

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AML/CFT Programs for Financial Institutions & VASPs

We build AML/CFT programs aligned with Latvian legislation, FATF recommendations, and EU-wide requirements. Our solutions include CDD/EDD implementation, sanctions screening, transaction monitoring, and suspicious activity reporting processes—adapted for both traditional finance and cryptocurrency markets.

Internal Audit & Compliance Reviews

Independent reviews assess the effectiveness of compliance controls, AML/CFT systems, and governance frameworks. We perform gap analyses against Latvian and EU standards and provide remediation plans to enhance regulatory readiness.

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Ongoing Compliance Support & Outsourcing

ABM offers outsourced compliance roles and ongoing advisory support, including monitoring legislative changes, managing reporting obligations, and preparing governance updates for senior management and boards.

Regulatory Inspections & Enforcement Preparation

We conduct readiness reviews and mock inspections based on likely FKTK and EU supervisory focus areas. Our experts help develop response strategies, prepare documentation, and implement corrective actions to minimise enforcement risks.

Training & Capacity Building

We provide training for staff and management on AML/CFT obligations, VASP compliance, market conduct rules, data protection, and ethical business practices. Executive briefings ensure leadership teams remain informed of their responsibilities.