SERVICES

DEVELOPMENT OF A FINANCIAL CRIMES/ANTI-MONEY LAUNDERING (AML) PROGRAM

Jamie Uppenberg has built FinCrimes Programs to fit the business, so regulators or other partners requiring due diligence know you’re not cookie cutter.

You want a consultancy with you that sets up a clear plan so you can prepare your business and, quite simply, just get AML done and working for you.

When you’re an innovator in FinTech, you probably don’t naturally have Financial Crime processes in place, and you probably don’t bring that expertise to the table.

This is where Jamie can help. While she has the background of being a leader in a big bank, she’s also brought up Financial Crimes Programs (AML/CFT/SAR/sanctions) for multiple FinTechs, sometimes in 90 – 120 days.

Because of her expertise, Jamie knows to focus on prioritization and meeting requirements where your firm currently is. She won’t attempt to buildout a huge program and shove requirements that your firm can’t handle down to your people. Even regulators would agree that’s not effective.

In the end, your firm will have a Financial Crimes Program that holds up in an audit-ready environment and achieves its goals.

“Jamie really considered where our company was, what we could actually accomplish, as opposed to just making mandates about what we had to do. It made building structure so much more manageable and affordable.”

Thomas Marino

Head of Compliance

Let’s stand up a Financial Crimes/AML Program for your FinTech

Our goal is to efficiently help you detect, stop, and report financial crime.

Quick turnaround, sometimes in 90 – 120 days
Customized planning to meet startups where they are
Prioritization to meet the goal of stopping financial crime/money laundering
An audit-ready foundation from which to grow your program

The anatomy of a Financial Crimes Program

All Financial Crime Programs must have certain critical components. We’ll work with you to achieve the following:

Assigning a Compliance Officer
Anti-money laundering training for employees
Regulation-level KYC/CDD (Know Your Customer/Customer Due Diligence)
Transaction monitoring for common AML/CFT scenarios
Regulation-level Anti-Bribery processes (depends on the product)

Benefits of working with a consultant

Speed

Jamie knows how to prioritize the program to get your foundation up and running quickly and easily.

Clarity

Jamie will develop a foundational program that is set up in a way that you can easily run it on your own.

Expertise

Jamie knows that each business is unique. She’ll listen to your business needs and customize your program to your offerings.

FAQs

Does my company have to deliver against all these requirements?

You always must deliver against the requirements, and you don’t get to leave anything out! But if you currently have no transactions, your transaction monitoring planned procedures will be quite different from a firm pushing thousands of transactions a day. Most consultants make the same recommendations without this consideration and can easily drown a young company.

Does the size of the Financial Crimes Program that I need depend on the stage of my business?

Yes. Jamie will help keep the goal clear: stopping financial crime. You don’t have to build a massive program if you’re not likely to have massive financial crime, and she not only gets that but can help you actualize it. Planning your compliance growth plan can really make the starting line clearer and simpler.

We are running thousands of transactions a day. Can you build us a Financial Crime Program?

Yes. If the best day to start was yesterday, the second-best day is today. If you are running thousands of transactions a day, Jamie will help you create an actionable plan to catch up. Her focus will be on setting up a program that both makes you compliant and stops/reports financial crimes. If your volume outran your plan, she’ll guide you through a step-by-step process towards compliance that needs to get in place at an acceptable pace.