Anti-Financial Crime (AML/CTF)

Managing financial crime is about staying one step ahead

Keeping up with evolving regulatory requirements, shifting criminal methods, and rapid technological and organisational developments can be challenging. Anti‑money laundering (AML) and counter‑terrorist financing (CTF) measures are priority areas for both Swedish and international authorities, and sanctions in these areas have reached billions. Supervisory reports consistently emphasise the importance of strong internal governance and control. Authorities note that many companies and organisations fall short when it comes to internal and external reporting obligations. Significant gaps also exist in competence and resource allocation, and many organisations lack a clear risk strategy, model‑risk validation, and effective processes and structures for transaction monitoring.

Effective management of money‑laundering and terrorist‑financing risks is essential to protect the company, its management, and its board from sanctions and reputational damage.

How we can help you manage risks related to financial crime

BDO offers market‑leading expertise and extensive global experience in addressing challenges related to AML/CTF. We understand the risks and pitfalls your organisation faces and help you implement risk‑based measures that meet the expectations of regulators, owners, and customers. Our services include:

• Framework development 
  We support the development and review of your AML/CTF governance and internal control framework, including governance structures, policies, systems, procedures, and organisational design.
• Risk assessment 
  We help you design and articulate your overall risk assessment and implement the underlying risk models.
• Model risk
  We assist with everything from governance and internal‑control issues to developing practical methods and processes for model documentation, monitoring, and validation. We also perform independent validation and review of AML/CTF risk models.
• Data analytics 
  Data analytics can be used to strengthen and streamline risk‑based measures and to perform completeness checks.
• GAP-analyser
  We analyse governance, processes, and methodologies to help you manage AML/CTF‑related risks. Our assessments provide an independent view of your maturity level and identify risks and gaps that should be addressed to strengthen your existing framework. The analysis also shows how well your organisation aligns with current regulations.
• Independent review function 
  We can serve as your independent AML/CTF review function. Management and the board receive ongoing reporting on completed reviews and their results. BDO’s deep expertise supports leadership in making well‑informed, well‑grounded decisions.
  
• KYC (know your customer)
  We assist with KYC processes and updating customer due‑diligence documentation when information is missing or needs to be refreshed in accordance with internal procedures.