Client: European Multilateral Development Bank The Client’s Finance Directorate was in the process of performing its annual update of the Internal Control Framework (‘ICF’) review and submission, as required to meet the client’s internal risk and control governance. The Finance Directorate wished to launch a mission to review the quality of its completed ICF documentation for its Treasury and Borrowing …
Client: European Multilateral Development Bank Dates Completed: 10/2018-12/2018 The engagement required an analysis of the 1st line of defence FTP practices within the client’s Finance Department, whilst also taking into account the key activities within, the interactions with, the Risk Management function. The main entities impacted by the FTP were: Capital Markets: Client’s capital raising function Treasury: Clients treasury function, …
Client: UK Based Financing Body Dates Completed: 02/2022-04/2022 The Client, a UK based Financing Body, sought to understand it’s potential exposure to the risks of (i) breaching Sanctions, and (ii) entering into relationships with counterparties who have Politically Exposed Persons (‘PEPs’) in their management or Board of Directors. NLC designed and conducted Sanctions and PEP Risk Assessment is to …
Client: UK Public Sector Body Dates Completed: 02/2023-05/2023 NLC deployed an expert team to conduct a review of the AML, CTF, and Sanctions risks faced by a UK Public Sector body responsible for providing guarantees to retail individuals and commercial projects aligned with UK government policy objectives. The specific programmes the public sector body administered targeted on guarantee products provided …
Client: European Multilateral Development Bank Dates Completed: 07/2022-01/2023 NLC created a Watch List for our client following related to Panama Paper Disclosures. All potential matches to the Watch List were reviewed, by the Compliance team at the bank, in the first instant (with advice from NLC), to determine if they are ‘true matches’ or ‘false positives’. NLC provided discounting rules …
Client: European Multilateral Development Bank Dates Completed: 05/2022-07/2022 The project was a special initiative reviewing Customer Due Diligence (“CDD”) in light of the publication of the FINCEN files. NLC was employed by the Bank to investigate the potential impacts of the so called ‘FinCEN Files’ on the Bank. The focus of the work was on: Identifying the Bank’s exposure to …
Conducting a Review of the AML/CTF/KYC Functions of a Multilateral Development Bank and Providing Improvements New Link helped develop 3 strategies for a Multilateral Development Bank to help identify money laundering and terrorist funding, reviewing their AML/KTC/KYC technology, and finally delivering those investigations to the key stakeholders. Problem Statement: Task 1: Conduct a business review and the operations for a …
Assistance with reconciling P&L differences through an effective BAU tool and industry expertise New Link was brought into an ongoing problem, to assist a Tier 1 Bank with implementing cross border controls under the regulations of a Post-Brexit UK. Problem Statement: New Link Consulting assisted the client (a Tier 1 Bank) with designing, building and enhancing a number of preventative …
Installing a Highly Experienced and Efficient Team to Aid with Different Project Workstreams at a Tier 1 UK Bank A competent team of change professionals, skilled in project delivery, was installed in a Tier 1 UK Bank to the great success of the client and the team. Problem Statement: A Tier 1 UK Bank required a manageed service of change …
The Cost Saving and Efficiency Benefits of well Organised Data Management A Risk Management and Insurance Company failed to see the importance of excellent data management, New Link helped to change their minds. Problem Statement: The client (a Risk Management & Insurance Company) had build a highly fragmented and silo driven organisation and with respect to enterprise reference data management, …
