If your company falls under the scope of AML/CFT legislation you are required to have an AML/CFT Framework. Implementing an effective AML/CFT Framework allows your businesses to easily comply with regulations, thus protecting yourself against risks and avoiding regulatory penalties.
The AML/CFT Compliance Framework consists of the following four elements:
Due to the complexity of regulatory laws and regulations, companies that fall under the scope of AML/CFT legislation are required to have a Compliance Officer that has extensive knowledge and expertise in the field of AML/CFT. By outsourcing your compliance obligations to us, we ensure that your organization is compliant with local AML/CFT laws and regulations.
Our team of professionals are Certified Anti-Money Laundering Specialists accredited by ACAMS which will take care of the following:
Our main qualities are:
Our CAMS-certified employees have expertise in providing guidance during an on-site inspection. We provide guidance during the preparation of the audit as well as during the actual audit itself. We also take care of the handling of the conclusions and the settlement of the supervisory audit, which can take months/years. Together with your company, our staff are the point of contact for the inspection.
As part of AML/CFT compliance, companies need to know exactly who their (potential) customers are. Customer screening is seen as a critical step in the Know-Your-Customer (KYC) process to mitigate risk and comply with AML legislation.
We establish client risk profiles based on Know Your Customer (KYC) information and documentation. Our screening process ensures, among other things, that clients and companies are checked for the presence of mandatory (inter)national PEP and Sanctions List checks. We also check all information and documentation by means of Adverse media (bad press) checks. Last but not least, we check whether the Source of Funds/Wealth matches the profile of the customer. Based on all these checks we create an extensive Know-Your-Customer report. This is how we ensure that you Know Your Customer.
Connect with our team members to stay compliant.
