What We Do
Service Offering
We are professionals that are highly experienced in Compliance Program Development and Maintenance, Readiness Assessment, Remediation Projects, Training, and System Selection and Implementation.
Financial Crimes and AML/CFT Framework Development and Implementation
- Framework Design - development of a framework commensurate with the institutions size and risk profile
- Policies and Procedures - develop, review and update
- Risk Assessment - develop methodology and conduct risk assessments (AML and Fraud)
- Know Your Customer and Customer Due Diligence (CDD)
- Transactions Monitoring
- Board Reporting
- AML and Compliance Reviews
Readiness Assessment/ Gap Assessment
- Readiness Assessment - review of program and identification of gaps in preparation for a regulatory review
- Regulatory Changes - gap assessments to assist with meeting new/updates to regulations
Training
- Board Training
- Senior Management Training
- Specialized Training
Technology and Systems - Financial Crimes, AML and Sanctions
- Solution Selection - assist with RFQ process
- System implementation - business requirements gathering and testing
- Transaction monitoring rules tuning
- Name Screening - logic tuning
Understanding Risk to Ensure Compliance
About Us
NB Consulting and Advisory ("NB Consulting") provides specialized knowledge and the latest practical insights into the wide range of operational, technological and regulatory issues surrounding your Financial Crimes and AML/ATF and Sanctions regulatory environment.The outcome is a clear and thorough understanding of the regulatory environment and a deep appreciation of the specific needs for the obliged entity.
This gives institutions a clear edge in assessing their compliance with applicable Laws, Directives and Guidance issued by the various regulators with regard to Financial Crimes and AML/ATF and Sanctions activities, as well as implementation of AML/ATF and Sanctions best practices from around the world.
AML Investigations
Fraud Investigations
Assessments & Advisory
Regulatory Compliance
The NB Consulting Advantage
What sets Us Apart
Our Value Proposition
High Quality, pertinent and purpose specific solutions tailored to each client's needs and objectives, based on their unique regulatory needs.
Service Offerings
We provide end-to-end Financial Crimes and Anti-Money Laundering/Anti-Terrorist Financing and Sanctions consulting services to the full spectrum of financial institutions in various jurisdictions.We are professionals that are highly experienced in Compliance Program Development and Maintenance, Readiness Assessment, Remediation Projects, Training, System Selection and Implementation among other areas.
.Our Approach
Our team of experts aims to provide multi-jurisdictional advisory insights and tailored solutions to assist clients in addressing their needs and objectives amidst a continually evolving Financial Crimes, AML/ATF and Sanctions regulatory environment.NB Consulting and Advisory keeps abreast of the development of regulations, practices, and industry positions on a wide range of topics, within Canada, the Caribbean and globally.
Team members have provided representation in regulatory working groups and committees, allowing us to be at the forefront of new developments.
Management Team
Principal
Consultant
Our Principal Consultant and Founder is Narda Brown.Narda has over 20 years of experience working in the Financial Crimes, AML/ATF and compliance fields in various capacities for regulatory and private sector institutions in Canada and in the Caribbean.
Previous roles included responsibility for enterprise-wide AML/ATF and Sanctions risk assessment and testing program; assessing the AML /ATF risk management functions for federally-regulated financial institutions; MLRO in the British Virgin Islands, along with being a Senior Bank Examiner responsible for the assessment of risk management framework (including AML/CFT) of deposit-taking institutions in Jamaica.
Certifications and Memberships
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Certified Anti-Money Laundering Specialist (CAMS)
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Member, International Compliance Association (MICA)
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Member, Association of Certified Fraud Examiner (ACFE)
News
News and Articles
Explore the latest news and articles in AML, Sanctions and Financial Crimes..
NEWS
Explore the latest news and articles in AML, Sanctions and Financial Crimes.
What is the Cost of Non-Compliance? Canada's TD Bank Group said it would set aside $2.6billion more for penalties related to U.S regulatory probes into deficiencies in its anti-money laundering program and it would sell part of its stake in Charles Schwab to offset the financial impact.
Read more below:
ARTICLE
Sanctions
FINTRAC publishes resource documents to help reporting suspected sanctions evasions in a Suspicious Transaction Report.
Read more below
https://fintrac-canafe.canada.ca/guidance-directives/transaction-operation/str-dod/str-dod-eng
ARTICLE
Laundering the proceeds of tax evasion in real estate
FINTRAC in Partnership with the CRA has published an Operational Alert is to support reporting entities in recognizing financial transactions in the real estate sector suspected of being related to laundering the proceeds of tax evasion.
Read more below:
https://fintrac-canafe.canada.ca/intel/operation/tax-fiscale-eng
Training
Explore Our Trainings
Coming soon.
The Investigators
The Outlandish Inside Story of the� Investigation That Created the� Multi-Billion Dollar AML� Compliance Industry This is the story of Riggs Bank and…
The Four Reasons AML & Fraud Investigations Fail
AML and Fraud Compliance exist to identify, investigate, prevent, and report suspicious activity. Avoid the four problems that cause them…
Will the Corporate Transparency Act Reduce Money Laundering?
Will the Corporate Transparency Act reduce money laundering? Or is it just more box-checking whose impact on financial crime will…
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