Unique compliance counsel model
A national money transfer exchange partnered with KordaMentha (formerly Murray Waldren Consulting) through our Compliance Counsel membership model to strengthen its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) capability.
Related Services
Financial Crime Risk & ComplianceRelated Industries
Financial ServicesA national money transfer exchange partnered with KordaMentha (formerly Murray Waldren Consulting) through our Compliance Counsel membership model to strengthen its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) capability.
The engagement provided tailored support and strategic uplift, aligned with recommendations from the client’s AML/CTF Independent Review.
How we helped
Our role
We were initially engaged to:
- Conduct a comprehensive ML/TF risk assessment across customers, products, channels, and jurisdictions.
- Update the Part A Program in line with review recommendations and refreshed risk assessment.
- Refine AML/CTF procedures to enhance operational effectiveness.
- Deliver targeted workshops addressing AML/CTF obligations, compliance culture, and maturity uplift.
- Facilitate role-specific training, testing, and oversight to ensure implementation and compliance with key obligations.
Following the initial 12-month engagement, the client renewed its Compliance Counsel membership to maintain access to experienced AML/CTF resources without incurring the cost of full-time hires.
Our approach
Our Compliance Counsel model offers flexibility and ongoing support, enabling KordaMentha to work closely with the client to deliver tailored AML/CTF services. We focused on coaching internal teams to build capability, embed maturity, and ensure sustainable compliance improvements.
Outcomes acheived
The engagement delivered a significant uplift in the client’s AML/CTF Risk Assessment and Program, including enhanced processes and procedures.
Key outcomes included:
- Improved clarity on obligations and compliance requirements.
- Strengthened internal capability through workshops and role-specific training.
- Greater confidence to demonstrate compliance to regulators.
- Expanded business operations supported by a robust, sustainable AML/CTF framework.
