Scope of services
Our comprehensive outsourcing services
As your outsourced AML function, we perform a broad spectrum of activities to ensure your compliance. Our compliance outsourcing service typically includes the following tasks:
Key compliance services
AML Officer and Deputy Coverage
We provide full coverage with dedicated AML Officers and Deputies, ensuring your organization remains compliant with all AML regulations.
Seamless SRO Acceptance Process
We facilitate the admission process as an external provider with your SRO, ensuring a smooth and efficient transition of the AML function to us.
AML Policy Review and Updates
AML policies are reviewed and updated to align with the latest regulatory standards, keeping the compliance framework robust and effective.
Detailed Quarterly Reporting
Comprehensive quarterly reports are prepared for the executive board or board of directors, keeping them informed of compliance status and updates.
Annual SRO Self-Declaration Support
Support is provided in the preparation and review of the annual SRO self-declaration, ensuring accuracy and completeness.
Customer onboarding and monitoring
Customer Onboarding Reviews
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
Enhanced Due Diligence and Reporting
We perform enhanced due diligence and provide detailed reporting to ensure thorough risk assessment and management.
Continuous Customer and Transaction Monitoring
Our continuous monitoring of customer activities and transactions helps detect and prevent suspicious behaviour.
Investigations and reporting
Investigating Suspicious Cases
We investigate any indications of money laundering, terrorist financing, or sanctions violations, ensuring thorough case management.
Compliance Reporting Support (MROS / SECO)
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 under Art. 9 AMLA and Art. 305ter para. 2 SCC, as well as asset freezes under Art. 10 AMLA, are always made together with an internal person (governing body or employee). The decision to report remains with the client.
Ongoing compliance support
Stay Informed with Regulatory Updates
Regular updates on relevant regulatory changes are provided, ensuring stakeholders stay informed about developments that impact AML compliance.
Monthly Review Meetings
Monthly review meetings are conducted to assess compliance status and address any issues promptly, ensuring ongoing compliance.
Efficient Communication with the SRO
We handle all necessary communications with your SRO, ensuring clear and effective information flow.
Compliance Framework Set-up & Review
Assistance is provided in setting up and reviewing the compliance framework, ensuring it meets all regulatory requirements and supports business needs.
Audit and remediation services
AMLA Audit Preparation and Support
We prepare for and support you during AMLA audits, including active participation and addressing audit findings.
Implementation of Corrective Actions
We assist in implementing corrective actions and remediation plans to address any compliance gaps and enhance your compliance posture.