Areas of Expertise

IDG has extensive expertise in Anti-Money Laundering (AML) and the Counter Financing of Terrorism (CFT) through its work promoting financial sector transparency and oversight. Many financial sectors are plagued with banking scandals; concealed connected lending; weak governance structures, internal oversight, and enforcement powers leading to a high degree of money-laundering. IDG addresses these issues through a series of programs:

• Encourage financial sector stability through supporting bank supervision, prudential management, risk-based auditing, capital reserves, contract risk and enforcement cost, and the macroeconomic environment.
• Assist banking and non-banking financial institutions (NBFIs) in their fight against financial crimes by improving their competencies, practices and systems, including through introduction of Know Your Customers practices by institutions, systemic risk-based identification of transactions for scrutiny, improved investigative practices, etc.
• Introduce IT systems for support to better detect financial impropriety once it has happened and to better prevent impropriety before it happens. IDG has provided procurement and IT support in several programs worldwide.
• Conduct trainings to assist financial sectors in understanding the stages of money laundering including placement, layering, and integration

IDG has assisted in the promotion of financial transparency throughout the financial sector including National Banks, Central Security Depositories, National Commission on Financial Markets, Ministry of Finances, and NBFIs. This work has increased public trust in the financial sector and assisted in the reduction of money-laundering.