Regulatory Solutions (AML and SOX)
Regulatory advisory services, including Anti-Money Laundering (AML) and Sarbanes-Oxley (SOX), are essential for companies to ensure compliance with legal requirements and federal and state regulations. These services help companies identify and mitigate risks related to money laundering activities and financial fraud. AML regulations aim to prevent money laundering and terrorist financing, while SOX regulations focus on enhancing corporate governance and financial transparency. By engaging in regulatory advisory services, companies can help protect themselves from legal and reputational risks, ensure compliance with regulations and maintain the trust of stakeholders.
Anti-Money Laundering
Our specialists work closely with clients to help fulfill AML compliance requirements quickly and effectively in the following key areas:
- Know Your Customer (KYC) and Customer Due Diligence (CDD) processes
- Privacy and Cybersecurity Awareness Training
- Incident Response Plan Development
- Policy and Procedure Development
Sarbanes-Oxley
Our top-down, risk-based approach to engagements involving Sarbanes-Oxley incorporates all components of a controls evaluation, including entity-level controls, IT General Controls (ITGCs), application controls, disclosure controls as well as procedures and process-level controls. Our methodology supports both outsourced and co-sourced service models and is aligned with directives issued by the SEC, PCAOB and the COSO Internal Control-Integrated Framework.
Our professionals schedule a kick-off meeting with your team to understand responsibilities, schedule walkthroughs and meet with your external auditors. By understanding management expectations, deliverables and key risks, we can create a customized approach. When major processes and controls have been identified, we test the effectiveness of controls and the operating design. Areas include financial processes, IT, reports, spreadsheets and entity-level controls. We review the Service Organization Control (SOC) reports issued by your service providers to evaluate exceptions and determine if additional steps are needed, including assistance with remediation measures.