Anti-money laundering (AML) refers to worldwide measures aimed at combating the legalisation of illegally obtained money. It encompasses a wide range of rules and requirements, which are developed by national legislative authorities and international organisations such as the International Monetary Fund (IMF) and the Financial Action Task Force (FATF).
Countries have been compelled to combat money laundering due to the issue’s global scale; the annual volume of laundered money represents between 2% to 5% of the global GDP. Laws and regulations targeting money laundering directly impact all financial sector organisations, notably banks, bookmakers, and various payment systems.
Adhering to all AML measures and requirements can be challenging for many companies. To achieve this, it’s essential to:
Our company is dedicated to assisting businesses in managing these complex tasks and achieving full compliance with AML legislation.
If you’re uncertain about handling the implementation of AML measures independently, COREDO will take care of all the related complexities for you. Our specialists will provide complete information about the regulator’s anti-money laundering rules and the consequences of non-compliance, as well as help with the preparation of the risk assessments and all required AML documentation.
Our AML support includes:
A business AML audit is a professional evaluation of a company's adherence to legal regulations concerning the prevention of money laundering and financial crimes. Our audits are tailored specifically to your business and its unique needs. Typically, such an assessment checks the company's existing AML policies, their compliance with legal requirements and how fully they are implemented, whether personnel receive appropriate training, etc. As a result of the audit, our experts will provide a list of recommendations for improving your company's AML policy.
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Outsourcing AML services is a cost-effective solution that not only cuts down the expense of hiring a full-time AML specialist but also ensures continuous access to superior, comprehensive services from our team of professionals. Our experts will provide a turnkey solution customised for your business, including the entire AML system, internal AML regulations, procedures for comfortable client onboarding and more. We can also conduct client AML checks, consult and teach your AML specialists, and provide various other valuable services to simplify your workload.
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The training program offered by COREDO provides a convenient and efficient way to enhance your employees' understanding of anti-money laundering and terrorist financing regulations. Our program caters to specialists in diverse roles, ranging from applied AML specialists to AML department heads, AML/KYC officers, and external auditors. The training is focused on practical results and real-world applications.
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Our team is staffed by highly professional AML specialists with confirmed level of expertise and appropriate certificates. They stay updated on all changes in AML legislation across different jurisdictions, constantly enhance their qualifications, and explore new technologies to combat money laundering effectively.
Why consult COREDO specialists?
Tailored solutions for your business
Experience in various jurisdictions
Highly qualified certificated staff
Continuous monitoring of AML regulation updates
If you require expert advice or have any questions about AML, submit a request, and we will get in touch with you promptly.
