UK-Based Electronic Payment Processor

The company was preparing to enter the U.S. market and needed guidance with its anti-money laundering (AML) manual. Guidepost reviewed the manual and provided advice concerning expectations from U.S. regulators; standards for governance of AML programs; and the policies, procedures, and technology used to meet U.S. standards.

Detailed consulting solutions included customer due diligence, OFAC screening requirements, standards for politically exposed persons (PEPs), enhanced due diligence, screening frequency, audit subjects, implementation of audit recommendations, U.S. reporting obligations for other issues (cyber breaches, e.g.), suspicious activity reporting secrecy requirements, and governance issues.

The company accepted nearly all of the recommendations proposed by the Guidepost team and was able to complete its U.S. AML manual. As it readied to enter the U.S. market, the company approached Guidepost to provide additional services.

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