DID YOU KNOW?
American depository institutions file nearly a million Suspicious Activity Reports (SARS) a year. The number has risen steadily since its inception in 2012.
Real-world experience. Real-time benefits. At the click of a mouse.
SILO Compliance System co-founders understand firsthand the challenges that come with the reporting, document management, analytics and administration associated with AML compliance. Their vision was to create an innovative, stand-alone application that would turn a burden into a breeze. SILO was conceived in 2012 and in just a few years was being used successfully by trust companies, credit unions, corporate service providers, assets managers, insurance companies and law and accounting firms across many highly regulated jurisdictions.
Save time. Reduce risk. Gain insight. Get ahead of the curve.
The days of transferring information from one spreadsheet to another are over. With SILO, critical information is archived and made available where it is needed — instantly. Which not only saves time and administrative costs—it helps management better understand its risk exposure and compliance status in real-time. Just as importantly, SILO is proactive, helping firms stay ahead in a dynamic world of document expiries and changing compliance requirements—regardless of jurisdiction.
“SILO has made our Compliance function easier to manage. The SILO team are always very helpful and great to work with.”