Members of the CRA team led an AML program assessment for a financial institution in emerging markets. The work included the investigation of the origins of investment funds coming from South American sources, established a basis to distinguish legitimate account holders, and developed a protocol to raise alerts on accounts based on a system of risk assessment measurements. The team also devised risk-based due diligence screening and controls to support the bank in developing an automated account opening system for potential customers.
Over $2.9 billion recovered through settlements and judgments under the False Claims Act
The False Claims Act (FCA) remains one of the most powerful tools for combating fraudulent claims in government funding, with billions recovered annually. In...