Anti-money Laundering Compliance

Given the complexity of the systems infrastructure in financial services firms today, it is increasingly difficult to track potential money laundering activities.  A financial services firm found to have been a source of terrorist financing risks not only financial loss but loss of reputation as well, which is perhaps more detrimental.  To help prevent losses for our clients, Ascend’s AML offering provides solution support required for compliance with Anti-Money Laundering (AML) regulations, specifically, the USA Patriot Act. This includes the data mining and analysis of multiple source “systems of record” to support:

• The detection of suspicious activity that might indicate money laundering or terrorist financing
• The investigation and management of potentially suspicious activities
• The reporting of compliance activities and audit to meet with regulatory requirements

With the average years of financial services experience for Ascend consultants being 15 years, Ascend consultants understand the industry and leverage this experience along with our expertise in program/project management and requirements gathering in creating an IT solution that exceeds our clients’ needs and expectations.