With regulations around the world constantly evolving and continued pressure on financial institutions to ensure that they do not help facilitate a wide variety of criminal activity, financial institutions often find it difficult to keep up with regulatory demands. The USA PATRIOT Act places additional responsibility on many of these firms (whether you are in the US or not) to ensure that they do all that they could have done to root out and cut off the money launderer or terrorist financier. Reputations are quickly destroyed with the benefit of hindsight if a firm finds itself caught up in one of these situations. Background Asia helps firms address this risk in the Asian region. Our USA PATRIOT Act programs cover training, intelligence, background checks, due diligence and investigative response. We can also provide an annual review of your existing system and procedures. |
