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BMR Advisors
BMR Advisors is one of India’s leading professional services organization, offering a range of Risk, Legal, Tax and M&A advisory for businesses of all sizes, in India and Globally.
With engagements & projects delivered in 40+ Countries for over 750 clients, most of whom are Fortune 500 organizations, BMR is one of the largest providers of multidisciplinary professional services with a global network that ensures integrated service to clients across the world.
Risk & Advisory Practice
BMR’s Risk and Advisory practice offers a complete suite of services to Global and Indian companies, encompassing Process & Performance Consulting, Financial Crimes Compliance, Data Analytics, Due Diligence and Fraud & Forensics services, to help management make better and informed decisions. The firm enhances value for clients by focusing on solutions that are innovative, yet practical and implementable. This is achieved by blending domain expertise with analytical rigour, while maintaining an uncompromising focus on quality and by nurturing high quality professionals with a passion for excellence.
Your Views
We look forward to hearing your views on Anti-Bribery Compliance, Anti-Money Laundering, Fraud & Forensics, Data and Database related issues and understand which solutions or programs may help your organization in preventing financial crimes related risks. Please connect with our BMR Risk & Advisory team which has been involved in researching and developing a cohesive & holistic view on Financial Crimes, while also developing practical solutions around it.
The information contained in this document is for general information purposes only. While the firm endeavors to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the document or the information provided therein. All information contained in this document may be acquired from publically available sources and hence any reliance you place on such information is therefore strictly at your own risk and the firm accepts no liability in relation to the use of the document. The firm reserves copyright of this document and hence, does not allow anyone to sell, re-publish or re-distribute the document or derivatives thereof.
© Copyright 2015, BMR Business Solutions Pvt. Ltd. All Rights Reserved
Sarabjeet Singh Leader Financial Crimes Compliance Partner +91 124 669 [email protected]
Sanjay Mehta Leader Risk & Advisory Partner +91 124 669 [email protected]
Abhishek Bali Data & Database Services Vice President +91 124 669 [email protected]
Harkishan Bhatia Fraud & Forensic Services Director +91 124 669 [email protected]
Financial Crimes Compliance BrochureAddressing Risks and Building Safeguards
Anti-Bribery Compliance
Anti-Money Laundering
Fraud & Forensic Services
Data & Database Services
Reported instances of bribery and corruption have been on an upswing, over the last 2 decades. As businesses continue to expand across geographies and engage in international transactions, their vulnerability to instances of bribery by employees, subsidiaries and third parties increases. Under the FCPA, UKBA & other global Anti-Bribery laws, the increasing number of regulatory investigations & actions has resulted in billions of dollars of fines, criminal charges and extensive reputational damage.
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We have conducted diligences in Africa, APAC and a number of engagements on implementing & fortifying existing ABC mechanisms, especially by leveraging the right tools and technology. Analytics has been a key driver for case monitoring.
Money laundering and terror financing is made possible by the misuse of established banking and global financial channels. AML regulations such as the FATF recommendations, Patriot Act, FSA guidelines and KYC norms mandate financial institutions to implement comprehensive AML measures and report suspicious activities by developing a holistic program. However, organizations continue to struggle with business pressures, enhanced global norms and sophisticated money-launderers who have shown to be far more agile and inventive.
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Our experience with top Wall-Street banks covering over 240 jurisdictions, 30+ language capabilities and work done in 25+ countries has enabled us to develop practical regulatory know-how on BSA & Patriot Act and deployable resources to solve AML challenges, globally.
ABC Program Setup
Establishing a business specific ABC program based on local & global regulations and on-ground realities
ABC Diagnostic
Organization specific high level or deep dive health check-up of ABC program and process effectiveness
Third Party Due Diligence
Red-Flag Monitoring Market Intelligence
Diligence of Third Parties, Business Partners & Vendors based on perceived risk levels and maturity of relationship
India Program
Expert advice to counsel, compliance officers and audit departments regarding India specific ABC gaps and challenges
Monitoring of media, legal, reputation, regulatory, shareholding & PEP red flags by leveraging tools and research
Discreet or overt investigations to assess possible corruption and bribery instances & red flags using market relationships
Leveraging Analytics to identify red flag transactions, processes & relationships for bribery violations
Anti-Bribery Analytics
Linkage Analysis
Assessing possible linkages between third parties, vendors, business partners, employees, management and PEPs
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AML Compliance Setup
Screening
Establishing an AML program based on organizational, regulatory and relevant KYC/AML/CFT norms
Setup and support in Regulatory, Operational, Financial & Reputational screening by using red flags, rules, scenarios and cut-offs
Transaction Monitoring
Rogue Websites Monitoring
FATCA Compliance Risk Based Framework
Setup and support in establishing technology, analytics, thresholds, scenarios for evolving transactions red flags
Monitoring rogue websites which may be involved in money laundering, fraud, counterfeits, malware & theft
Identification, classification, calculation, withholding, reporting, account remediation, designing & testing support
Foundational element of a holistic AML program to ensure optimization, efficiency, scalability & resource focus
Sanctions Compliance
PEP Screening
Setup, Test & Execution of processes for Customer, Third Parties against National & International Sanctions Lists
Screening of Third Parties, Entities, Individuals, Clients, etc. to establish relationships to Politically Exposed Persons (PEPs)
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1. Anti-Bribery Compliance
2. Anti-Money Laundering
The risk of fraud exists across industries, entity types, departments and geographic areas. The recent spike in investment activity and economic growth has also led to the uncovering of varied typologies of frauds, misappropriations and nefarious schemes by employees, stakeholders and third parties. There is a need to identify and assess the source of these issues to safeguard shareholder value. However, it is impossible to do so, by only using conventional investigative techniques.
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Over 400 Diligences & Forensic Investigations carried out across Industries and jurisdictions by leveraging best in class methodologies, technology & tools. We have supported investors, stakeholders and regulatory authorities in demystifying frauds.
Most organizations continue to struggle in managing their data, while others have harnessed their intrinsic strength in building a shield against frauds, risks and financial crimes. Such a shield is built upon a program which can offer insight, red flags and lead to effective monitoring of third parties, customers and other such parameters, to indicate risk. Today, data is not just the best defence against risks but also an organization’s greatest asset in enhancing business. Our services and support are aimed at making this a reality for data and risk aware organizations globally.
CoverageWe define database requirements from the ground-up, using a contextual lens to ensure that it is aligned to defined goals. We leverage research, scalable processes, analytical skills and the requisite technologies to make this happen for clients globally.
3. Fraud and Forensic Services
4. Data and Database Services
Corporate Governance
Fraud Analytics
Formulating policies for fraud management, code of conduct, whistleblowing & supporting the fraud management committee
Leveraging analytics to identify red flag transactions, processes, linkages relationships across various fraud typologies
Fraud Risk Assessment
Fraud Investigation
Forensic Accounting Training & Workshops
Comprehensive assessments to identify & evaluate risks & strengthen existing fraud management framework
Internal & external investigation of willful misconduct on the part of employees/ management/third parties
Identification of irregularities in books & records, systematic review of accounting systems, internal controls & data theft
Training sessions to apprise employees, stakeholders & directors of potential fraud indicators & best practices
Fraud Diagnostic Review
Competitive Intelligence
High level assessments to determine the health of the organization and analytics based integrity checks
Develop intelligence related to competition and possible fraudulent actions during competitive bidding
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Database Asset Development
Database Insights
Setup & Development of a ‘Data Asset’ for the client based on agreed specifications, structure & linkages
Developing the right, context driven insights on existing or planned database to define the future course of the data.
Database Remediation Data Program Assistance
Database Maintenance
Data Leverage & Fortification
Remediation of the records, fields, architecture and rules of a database based on the desired or required evolved state
Advisory and handholding for an organization looking at developing in-house data capabilities
Maintenance and support for the database to ensure live and updated information for the client’s purposes
Extracting and building existing client data which may be internal in nature to enhance its intrinsic value
Testing & Validation
Center of Excellence
Testing & validation of a live or architecture stage database to determine possible scaling, definition and entry issues
Setup and Establishment of offsite or on-site CoE based on client data, process needs and business goals
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