Global and national financial regulations frequently evolve, especially in anti-money laundering (AML) efforts. Keeping up with these changes demands significant resources, and expertise, and requires maintaining an in-house AML specialist or department, which is both costly and time-consuming.
A more streamlined, efficient, and cost-effective solution is outsourcing AML processes to COREDO. By leveraging the expertise of our certified team, businesses can stay compliant without the hassle and extra expenses, because we understand your specific needs and requirements and tailor our services according to them.
AML consulting and advisory services are aimed at helping companies to comply with AML/CFT requirements of particular jurisdiction and reducing risks. Our specialists will analyse all data about your company and provide a turnkey solution aligning with your business needs.
Every company requires internal anti-money laundering regulations to ensure employees understand and apply AML principles accurately. These regulations must provide detailed, clear instructions for the entire team, remain current, and align fully with the requirements of anti-money laundering laws. Our experts will ensure the preparation and implementation of such instructions, considering your business needs.
If your company already has internal AML regulations in place, we offer their thorough and independent check. This will ensure that your company fully complies with current anti-money laundering requirements, providing adequate protection for your customers and their assets. In case of any inconsistencies, our experts will propose effective solutions to address them.
A detailed client verification procedure during the initial stages of collaboration, known as the onboarding process, is an essential component of the AML policy. Such review should be thorough, comprehensive, customer-oriented, and non-discriminatory. Our experts will customise the onboarding process for your company, ensuring it aligns with the needs of both parties and complies with regulatory requirements.
Our expert team has extensive legal experience, enabling them to understand the essence of the core principles outlined by regulatory bodies. They can convey these complexities in clear and understandable language. Comprehending the fundamental concepts and procedures within AML, as well as your company's internal policies is crucial for ensuring successful compliance.
Training your staff is a vital component of any effective AML program. Our courses are designed with a focus on practical applications, emphasising the implementation of anti-money laundering principles within the financial sector. To ensure your employees stay informed about the latest developments in the realm of AML, we provide regular lectures in addition to the main course.
One of the crucial components of any company's AML policy is conducting due diligence on customer data, their activities, and the sources of their financial assets. As part of our outsourcing services, our specialists are prepared to conduct AML inspections of your customers following the procedures established within your company.
With our outsourcing services, you can be confident that your tasks are in the hands of experienced experts who stay updated on the latest changes in AML legislation and comply with global regulatory requirements.
COREDO team consists of multiple interchangeable employees, so we are always ready to come to the rescue and complete urgent tasks. You don't need to worry about work stopping due to unforeseen circumstances.
Outsourcing AML processes can help your company cut costs related to hiring, training, and maintaining a full-time employee or an entire anti-money laundering department. Additionally, our team provides ready-made solutions, saving you time in developing necessary protocols and procedures.
By entrusting AML processes to experienced and reliable specialists, you can focus on your core business activities, company development, and scaling. We take full responsibility for our work, allowing you to save time and energy that would otherwise be spent monitoring essential tasks.
By entrusting AML processes to experienced and reliable specialists, you can focus on your core business activities, company development, and scaling. We take full responsibility for our work, allowing you to save time and energy that would otherwise be spent monitoring essential tasks.
Our AML outsourcing contract includes a comprehensive list of services provided by our company for a specified period. With this approach, you only pay for the specific services rendered rather than covering the full-time employment costs of each employee.
| Basic | Basic+ | Standard | Standard+ | Premium | Premium+ | |
| Number of hours | 5 | 10 | 20 | 40 | 80 | 160 |
| Review of client documentation | + | + | + | + | + | + |
| Consultation with an AML specialist | + | + | + | + | + | + |
| Updating internal AML regulations under legislation | – | – | + | + | + | + |
| Annual training for all your employees as required by AML Act | – | – | + | + | + | + |
| Holding seminars and training sessions for your staff when the requirements of AML law and other legislation change | – | – | – | – | + | + |
| Dealing with any non-standard situations | – | – | – | – | + | + |
| Developing a comprehensive client onboarding process | – | – | – | – | + | + |
| Meetings with our AML team every fortnight to deal with difficult situations | – | – | – | – | – | + |
| Improving the AML system according to your wishes | – | – | – | – | – | + |
| Each additional hour, euros | 110 | 100 | 90 | 80 | 70 | 60 |
| Cost, euros | 550 | 1000 | 1800 | 3200 | 5600 | 9600 |
Please fill out this form for more information.
