Join forces with AML Incubator for personalized CAMLO/MLRO services that transform your Anti-Money Laundering (AML) program into a robust defense against financial crimes. Our experts handle everything – from crafting policies and conducting risk assessments to training your team and reporting suspicious activities. But we don't stop there. AML Incubator doubles as your talent matchmaker, ensuring you find the right candidates for your compliance team effortlessly. Let us handle the intricate details, saving you time and effort, and giving your business the space to thrive in this specialized industry. Your dedicated AML Incubator professional will bring a wealth of knowledge, certifications, and practical insights to fortify your compliance efforts. Safeguard your business from legal, financial, and reputational risks associated with money laundering and terrorist financing in both traditional and cryptocurrency markets. If you choose us to act as your designated CAMLO/MLRO, here are the services we will provide:
A DEDICATED CAMLO/MLRO/CCO
ONGOING REGULATORY CONSULTING
ASSISTING WITH ONBOARDING AND KYC/KYB
ASSISTING IN CONDUCTING CRYPTO FORENSICS
GENERIC AML/TF POLICY REVIEW/REVISION
ASSISTING IN MEETING ONGOING RECORD KEEPING OBLIGATIONS
ASSISTING IN ONGOING REPORTING WITH REGULATORS
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A DEDICATED CAMLO/MLRO/CCO
ONGOING REGULATORY CONSULTING
ASSISTING WITH ONBOARDING AND KYC/KYB
ASSISTING IN CONDUCTING CRYPTO FORENSICS
GENERIC AML/TF POLICY REVIEW/REVISION
ASSISTING IN MEETING ONGOING RECORD KEEPING OBLIGATIONS
ASSISTING IN ONGOING REPORTING WITH REGULATORS
ASSISTANCE WITH RECRUITING
ACCESS TO COMPLIANCE TECH STACK
HANDLING REPORT SUBMISSIONS
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A DEDICATED CAMLO/MLRO/CCO
ONGOING REGULATORY CONSULTING
ASSISTING WITH ONBOARDING AND KYC/KYB
ASSISTING IN CONDUCTING CRYPTO FORENSICS
GENERIC AML/TF POLICY REVIEW/REVISION
ASSISTING IN MEETING ONGOING RECORD KEEPING OBLIGATIONS
ASSISTING IN ONGOING REPORTING WITH REGULATORS
ASSISTANCE WITH RECRUITING
ACCESS TO COMPLIANCE TECH STACK
HANDLING REPORT SUBMISSIONS
HANDLING ALL THE ONBOARDING REVIEWS
HANDLING TRANSACTION MONITORING
ESTABLISHING A LOCAL OFFICE / PHYSICAL PRESENCE IN CANADA
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Additional Services Included in all of the Packages:
Executive Compliance Leadership Training: Provide specialized training sessions for the executive team, focusing on governance, risk management, and strategic compliance leadership. This training would equip senior leaders with the knowledge to make informed decisions about compliance risks and strategies.
Frontline Compliance Training: Offer targeted training for client-facing staff, emphasizing practical aspects of compliance, such as identifying and reporting suspicious activities, conducting customer due diligence, and communicating compliance policies to clients. This ensures that those on the frontline are well-prepared to uphold compliance standards in their daily interactions.
Comprehensive Vendor Assessment and Selection: Assist in evaluating and selecting vendors critical to the compliance infrastructure, from KYC/AML data providers to compliance management software. This process includes assessing vendors for compliance with regulatory standards, integration capabilities with the company’s systems, and the overall value they offer.
Tailored Transaction Monitoring System Setup: Develop and implement a transaction monitoring system customized to the company's specific risk exposure and operational requirements. This involves configuring the system to efficiently detect and alert on suspicious transactions, ensuring compliance with AML regulations.
System and Process Testing: Conduct thorough testing of the transaction monitoring system and other compliance processes to ensure they are effective and fit for purpose. This includes scenario testing, system accuracy checks, and performance evaluations to identify any areas needing refinement.
Ongoing Evaluation and Adjustment: Establish a framework for regular testing and review of the transaction monitoring system and compliance procedures to ensure they remain effective over time. This would include updates based on new regulatory requirements or changes in the business model.
Here's a detailed explanation for each service category: