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 …