Anti Money Laundering Compliance Company Ltd

Money laundering costs the global economy over US$2 trillion a year, with the UK accounting for US$37 billion annually. If you've failed in your legal obligation to comply with money laundering regulations and therefore not spotted and reported a client's criminal activities, you risk huge fines, loss of reputation...even jail time. AMLCC will guide you through all the necessary steps to comply with these obligations and, when used correctly, can help you detect money laundering, terrorist financing and proliferation financing, as well as pass your supervisory visits. It's already helped 1000s of UK businesses do so. AMLCC was created in 2008 by a regulated professional and AML expert to effectively and efficiently solve the challenges that regulated businesses have in complying with the latest anti-money laundering rules and regulations. It's endorsed by a number of AML supervisors and is the only AML software system to achieve technology accreditation from the ICAEW. It includes: Separate training, with tests & certificates, for: Senior management & MLRO Employees Sector risks Time & date stamped audit trail for all training. Risk assessment for whole firm, with additional risk assessments for department & service lines. Comprehensive, fully editable AML Policy template, with option to add sections. Client risk assessments for all client types (eg. corporate, personal, trust). Separate assignment & transaction risk assessments. Time & date stamped audit trail for all risk assessments. Internal suspicious activity reporting tool & full audit trail. Document storage & management system for client AML-related information. Dashboard to view: Current status of all client risk assessments Upcoming AML workflow requirements Employee training information Internal SAR reports received (only visible to MRLO) Automatic platform updates as relevant legislation changes.