Our Comprehensive Outsourcing Services
As your AMLA Special Department, we perform a broad spectrum of activities to ensure your compliance. Our compliance outsourcing service typically includes the following tasks:
Key Compliance Services
We provide full coverage with dedicated AML Officers and Deputies, ensuring your organization remains compliant with all AML regulations.
We facilitate the admission process as an external provider with your SRO, ensuring a smooth and efficient transition of the AMLA specialised unit to us.
AML policies are reviewed and updated to align with the latest regulatory standards, keeping the compliance framework robust and effective.
Comprehensive quarterly reports are prepared for the executive board or board of directors, keeping them informed of compliance status and updates.
Support is provided in the preparation and review of the annual SRO self-declaration, ensuring accuracy and completeness.
Customer Onboarding and Monitoring
The thorough review process includes, but is not limited to:
Customer Identification review
High-Risk Customer review
Risk Classification review
PEP, Sanctions, and adverse media hits review
Sample Checks
We perform enhanced due diligence and provide detailed reporting to ensure thorough risk assessment and management.
Our continuous monitoring of customer activities and transactions helps detect and prevent suspicious behavior.
Investigations and Reporting
We investigate any indications of money laundering, terrorist financing, or sanctions violations, ensuring thorough case management.
Submitting such reports can be challenging. We provide the necessary support to help you through the process of reporting to MROS and SECO, ensuring compliance with reporting requirements, with the involvement of an internal member of your team/board of directors/executive management.
Reports in accordance with Regulation Art. 9 AMLA and (Art. 305ter para. 2 SCC) Regulation as well as asset freezes in accordance with Art. 10 AMLA are always done with the simultaneous involvement of an internal person (governing body or employee). The decision on reporting remains with the Client.
Ongoing Compliance Support
Regular updates on relevant regulatory changes are provided, ensuring stakeholders stay informed about developments that impact AML compliance.
Monthly review meetings are conducted to assess compliance status and address any issues promptly, ensuring ongoing compliance.
We handle all necessary communications with your SRO, ensuring clear and effective information flow.
Assistance is provided in setting up and reviewing the compliance framework, ensuring it meets all regulatory requirements and supports business needs.
Support is provided in the preparation and review of the annual SRO self-declaration, ensuring accuracy and completeness.
Audit and Remediation Services
We prepare for and support you during AMLA audits, including active participation and addressing audit findings.
We assist in implementing corrective actions and remediation plans to address any compliance gaps and enhance your compliance posture.