BRG Obtained and Assessed Transactions for AML Risks in Connection with Acquisition of Latin American Retail Bank and MSB
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BRG professionals obtained and assessed millions of transactions occurring in a six-month period for AML risks in connection with the acquisition of a Latin American target (retail bank and money services business) by a top-ten Fortune 500 company and a joint venture partner. BRG professionals conducted approximately ninety AML risk assessments involving individual customer and account data, recreated local cash and family remittance reporting requirements to assess cash reporting, risk-ranked customer accounts and branches, provided detailed assessments of potentially high-risk accounts and branches, performed geographical sanctions reviews, prepared a database to facilitate a post-closing review, and provided a written report summarizing the findings.
Note that some engagements may have taken place prior to the expert(s) joining BRG.
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