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Writer's pictureAugustus Hall Limited

Enterprise Risk Management (AHL-SCN-12)

Updated: Jun 25


To comply with International Regulations against Money Laundering & Terrorist Financing, reinforced Know Your Customer procedures need to be implemented in the first stage of any Business Relationship when enrolling a New Customer.

 


KYC Checks are done through an Independent & reliable Source of Documents, Data, or Information.

 


Our Enterprise Risk Management


KPIs are generally defined as Quantifiable Measures used to evaluate the Success of an Organization, Employee or Process in meeting the Objectives for Performance. In other words, you can only really know if you did well if you know how success is measured.


This is why it is important to establish a set of Well-defined & Clearly Stated Objectives.


These Key Objectives articulate the Ideal Performance Results expected from the Process.


In this case, the Business Process is the complex activity of Onboarding, Partnering with, or Acquiring another Client, Customer, or Business Entity.


This area can be fraught with possible Legal, Ethical & Strategic Pitfalls. To ensure that the Process is meeting Expectations, it is important to establish the Proper Measurements of Success.

Enterprise Risk Management KPIs

There are three areas that will need to be established:

  • Key objectives to articulate the performance results the Company expects from the Business Process

 

  • Outcome measures to determine whether the Company has reached the Key Objectives

 

  • Activity measures to monitor the performance of those activities that are instrumental in reaching the Key Objectives


In line with these facts, we assist you with Key Objectives for Managing & Mitigating the Legal & Ethical Issues, the outcome measures associated with the Objective, & the activity measures that drive the outcome measure in the following areas such as highlighted below:

  • Onboarding ERM Support

  • Third Party Risk Management

  • Origination ERM Support

  • Supply Chain Risk Management

  • KYC Support

  • Vendor Screening & Investigations

  • KYD Support

  • Distribution, Marketing & Sales ERM Support

  • KYS Support

  • Outsourcing ERM Support

  • KYE Support

  • Offshoring ERM Support


Enterprise Risk Management Consulting Services

Enterprise Risk Management is a structured, consistent, & continuous risk management process applied across an entire organization.


The Implementation of Enterprise Risk Management can facilitate better Capital Resource Allocation decisions, increase operational efficiency, & enhance a Company’s Risk Control efforts to support Critical Strategic, Compliance, & Governance initiatives.


Augustus Hall Limited® Specialists analyze risk from an Integrated Perspective, exploring Risk Relationships within your Organization to create a more sophisticated understanding of your Company’s Material Risks.


Whether your company is just beginning the Enterprise Risk Management journey or has an established framework in place, we can assist you in your efforts.


Who Enterprise Risk Management Is For?

ERM is for any Publicly Traded or Privately Held Organization:

  • In a highly Regulated Industry.

 

  • Seeking to better Understand & Mitigate the Risks it faces across the entire Organization.

 

  • Wanting to Benchmark & Improve existing Risk Management arrangements.

 

  • Looking to Coordinate & Formalize its Risk Management efforts across the Enterprise.


KYC Checks are done through an Independent & reliable Source of Documents, Data, or Information. Each client is required to provide Credentials to prove their Identity & Address, etc.


KYC Checks at also aimed at verifying the Identity of Natural Persons of Legal Entity Customers who Own, Control & Profit from Companies when those Organizations Open Accounts, Onboards, or creates a New Business or Transactional Relationship – (this may be widened to including its employees, board members, & shareholders).


KYC & Customer Due Diligence Measures

To comply with International Regulations against Money Laundering & Terrorist Financing, reinforced Know Your Customer procedures need to be implemented in the first stage of any Business Relationship when enrolling a New Customer.


KYC Policies incorporates the following Four Key Elements:

  • Customer Policy

  • Customer Identification Procedures (Data Collection, Identification, Verification, Politically Exposed Person / Sanctions Lists Check) aka Customer Identification Program (CIP)

  • Risk Assessment & Management (Due Diligence, part of the KYC Process)

  • Ongoing Monitoring & Record-keeping








 

Our Service Terms & Conditions

Note: 


Having access to this type of private data, however, comes with rules, criteria, regulatory compliances, due processes, official approvals, administrative protocols, restrictions, usage terms & conditions, & other regulations governing it.


Augustus Hall Limited may officially reject your applications or orders based on the aforesaid, & for many other reasons, or criteria that does not conform to our objectives, principles, ethics, norms, standards, generally accepted practice.


Such request for Verifications Services are only granted or carried out or conducted solely for strictly verified entities, receiver, beneficiary, or recipient with vetted aims & objectives of which the ultimate utility of such verification service is vetted & traced to fulfilling generally accepted principles, aims, & objectives as regards to Risk Assessment, Risk Valuation, Risk Control, Risk Mitigation, Risk Management, Risk Intelligence, Risk-based Decisioning, etc.; which altogether must be seen to amount to transparency, restorations & preservations of Trust, Value, Assets, Investments, Common Wealth, Security, Integrity, Ethics, Governance, Business Development, Business Continuity Management, Business Sustainability Management, Humanity, Equity, Balance, etc.




 

Our Due Diligence Capabilities & Access are Wide Ranging.


For more information on how we can provide further insight for you, your business, or your clients, we would encourage you to contact us to Buy Now or Subscribe or Discover more.




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