AML/CFT & Financial Crime Advisory
Strengthening Financial Crime Compliance with practical, risk-based advice
Biji Deals helps regulated businesses and organisations strengthen their AML/CFT and broader financial crime compliance frameworks. We provide independent assessments, risk-based advisory and practical support tailored to each organisation's size, business nature, risk profile and operating environment.
From assessing regulatory gaps and enterprise-wide risks to reviewing controls, designing policies and supporting AML/CFT technology adoption, we help organisations build compliance frameworks that are effective, proportionate and practical to operate.
Our Key Services
ENTERPRISE-WIDE RISK ASSESSMENT
Identify and assess your organisation's exposure to money laundering and terrorism financing risks through risk evaluation across customers, products, geographies and channels segments.
AML/CFT POLICY & PROCESS DESIGN
Develop or enhance AML/CFT policies, procedures and workflows that reflect your regulatory obligations, business model and risk profile.
AML GAP ASSESSMENT
Identify gaps between your existing AML/CFT framework and applicable regulatory requirements, providing a clear basis for remediation.
INDEPENDENT FRAMEWORK ASSESSMENT
Independently assess the design and effectiveness of your AML/CFT framework through documentation review, sample testing, walkthroughs and discussion with relevant personnel.
THEMATIC REVIEW
Conduct focused review of specific AML/CFT risks, controls or processes (e.g., CDD/KYC, screening, transaction monitoring, etc) to identify weaknesses and areas requiring further attention.
AML/CFT TRAINING
Build practical AML/CFT awareness and capability through training tailored to employees, compliance teams, senior management and board members.
AML/CFT SYSTEM ADOPTION
Provide advisory support when assessing or adopting AML/CFT technology, helping align system capabilities with business requirements and control objectives.
Financial Crime Compliance in a Changing Environment
Financial crime doesn't stand still.
The risks organisations face continue to evolve alongside technology, digital channels, new products/services and changing business models.
AML/CFT remains a fundamental part of managing these risks, but organisations increasingly need to consider how broader financial crime risks intersect with their operations.
WHO we supporT
Financial Institutions
Banks and licensed financial institutions regulated by BNM
Fintech & Payment Service Providers
e-Money issuers, payment gateways and digital financial service providers
Insurance & Takaful Operators
Insurance & reinsurance companies and takaful providers
Designated Non-Financial Businesses & Professions (DNFBPs)
Deals in precious metals and stones, legal professionals, company secretaries, accountants, auditors, casinos and real estate agents
Non-Bank Financial Institutions (NBFIs)
Money changers, credit community providers / money lending, pawnbrokers, jewelers and gaming community
HOW WE HELP
Our approach combines independent perspective, technical expertise and commercial understanding with practical, proportionate solutions tailored to each organisation's unique risks, objectives and operating environment.
Strengthen compliance with local regulatory requirements and align with industry best practices.
Minimise exposure to regulatory findings, penalties or enforcement actions through early detection.
Enhance documentation, processes and controls to better withstand internal audits and regulatory reviews.
Implement practical, risk-based solutions that are aligned to your business size and complexity without unnecessary operational burden.
Understanding AML/CFT & Financial Crime Advisory
01
When should a business engage an AML/CFT or financial crime advisor?
Businesses may benefit from advisory support when establishing, strengthening or reassessing an existing compliance framework, entering a new market, introducing new products or services, responding to regulatory changes, or addressing identified weaknesses.
The appropriate level of support should reflect the organisation's size, business nature, risk appetite and/or profile and operating environment.
02
How do I know whether my AML/CFT framework is effective?
A framework can be well documented without necessarily operating effectively in practice. We believe that an AML/CFT framework should be assessed not only against applicable regulatory requirements, but also against how its controls and systems operate in practice.
An assessment on how key controls are designed and implemented can help management understand where controls are working as intended and where further improvements may be appropriate.
03
What is an Enterprise-Wide Risk Assessment (EWRA)?
An EWRA, a.k.a. Institutional Risk Assessment (IRA) provides a structured assessment of an organisation's exposure to money laundering, terrorism financing and related financial crime risks. It considers relevant risk factors across areas such as customer, products and/or services, geographic exposure, delivery channels, together with the controls in place to manage those risks.
The resulting assessment helps inform the organisation's broader AML/CFT risk management approach.
04
What is the difference between a 'Gap Assessment' and an 'Independent Compliance Framework Assessment'?
A Gap Assessment primarily compares an organisation's existing AML/CFT policies, procedures and controls against applicable regulatory requirements to identify areas requiring remediation.
An Independent Compliance Framework Assessment goes further by considering both the design and effectiveness of the overall AML/CFT framework. Depending on the scope, this may include documentation review, sample testing, walkthroughs and discussions with relevant personnel.
05
Can Biji Deals help us develop or improve our AML/CFT policies and procedures?
Yes. We help organisations develop or enhance AML/CFT policies, procedures and workflows to reflect their regulatory obligations and how the business actually operates.
Our focus is on creating documentation that is clear, practical and capable of being implemented, rather than policies that exist solely to satisfy a documentation requirement.
06
When would a thematic review be useful?
A thematic review is useful when an organisation wants to examine a specific risk, control or process in greater depth rather than assess its entire compliance framework.
It may be appropriate where management has identified a particular area of concern, wants greater assurance over a specific control, or wishes to focus on an area of heightened or emerging risk.
07
What should businesses consider when adopting an AML/CFT system?
Technology should support the organisation's AML/CFT objectives rather than determine them. When assessing or adopting an AML/CFT system, businesses should consider factors such as functionality, suitability for their operating model, existing processes, risk exposure and ability to support effective controls.
Biji Deals provides advisory support to help organisations evaluate these considerations and make informed decisions.
08
What AML/CFT training does Biji Deals provide?
We provide AML/CFT training tailored to the responsibilities and needs of difference audiences, including general staff awareness, board and senior management, compliance teams, role-specific training and customised workshops.
Training can be designed around the organisation's business and risk environment, with an emphasis on practical understanding and how AML/CFT responsibilities apply in day-to-day operations.
Leadership
Ashley brings experience across financial services and professional advisory, with a focus on AML/CFT and financial crime compliance. She helps organisations translate regulatory expectations into practical frameworks and controls, with an approach that considers the organisation's size, business nature and risk profile.
Her focus is on helping clients strengthen compliance while making frameworks practical, proportionate and sustainable.
