International risk advisory firm, IPSA International, has announced the opening of a new Hong Kong office.
The firm, which counts amongst its offerings its own solution and methodology for anti-money laundering in the context of trade finance, says the new office fits its strategy of opening client facing offices in the world’s major financial centres.
“Hong Kong is an important banking and financial centre in Asia Pacific and the world,” says IPSA’s president and CEO, Dan Wachtler.
As a recognised financial and business hub connecting the region’s emerging markets with European and American markets, Wachtler sees the new office is “a natural and important next step.”
Trade finance focus
IPSA has been active for 20 years providing anti-money laundering, anti-bribery and corruption, investigative due diligence, and litigation support.
The firm’s trade finance solution and methodology automate the consolidation and validation of key trade finance information to develop a view of a trade transaction and its participants.
The solution monitors a range of anti-money laundering, sanctions and financial crime scenarios, which IPSA claims will enable financial institutions to implement best practice to identify and flag suspicious activity for further investigation.
Categories: Trade Based Financial crimes News