Clients C&C Advisors
BANKS AND OTHER FINANCIAL ENTITIES
C&C Advisors has successfully developed and implemented Risk Based Approach (RBA) Methodologies for banks with Mexican and international corporate guidelines, and other entities in the Financial Sector such as SOFOMES, E.N.R. and Money Transmitters.
We have collaborated with several banks for the improvement of their Client Risk Degree Classification Model, in full compliance with the AML /CFT regulatory requirements and SPID ( Dollar Inter-banking Payments System) of Banco de México.
Likewise, we evaluate and propose improvements to our client’s AML /CFT Monitoring Models, which may include the modification or recalibration of the alerting scenarios configured in the automated systems and / or the inclusion of new scenarios.
C&C Advisors is an authorized third party by various Banks in Mexico to evaluate the Compliance Programs of their Financial Entity Clients; therefore, we have a high specialization in conducting AML/CFT Audits regarding Mexican Regulation.
Our range of services also include the development of tailored Control Models, evaluation and challenges to the AML /CFT Automated Systems, advice for specific queries, accompaniment in administrative procedures before regulators, AML/CFT independent reviews and SPID Additional risk requirements, AML/CFT and Anti-Bribery & Corruption training, tête a tête sessions with Senior Management for AML /CFT training, among others.
Designated Non-financial Business and Professions
C&C Advisors provides professional and integral advise and support for the construction of AML /CFT compliance programs for companies that conduct activities listed by the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin, known as Anti-Money Laundering Law (LFPIORPl) which are known as Designated Non-financial Business and Professions, supervised and regulated by the Mexican Financial Intelligence Unit (UIF) and the Tax Administration Service (SAT)
Our services include documentation of policies and procedures (AML Manual), specialized training and independent external reviews regarding compliance with its obligations. All of it based on the expectations of the Financial Action Task Force -FATF- for this this type of business or professions.
C&C Advisors is an authorized third party by several banks in Mexico to conduct reviews and evaluations of the Compliance programs of their clients that carry out Designated Non-financial Business and Professions.
Our range of services include specific query advisory, accompaniment in administrative procedures before the supervisory or regulatory authority, Senior Management AML sensibilization sessions, among others.
Money Services Business (MSB´s)
We have assisted several MSBs in California, USA, to successfully open accounts with US banks and / or commercial counterparts, through the execution of External Independent Reviews based on the Bank Secrecy Act (BSA) of the United States, following the highest international standards and the guidelines established by the US regulator -FinCEN-.
In the same way, we support our MSB clients in the strengthening of their AML/CFT and Sanctions Programs, and in their Anti-Bribery & Corruption Programs, through the implementation of Client Risk Matrices and RBA assessments, Control Models, training, among others.
