The global anti-money laundering (AML) movement is being driven by the desire to stop crime and terrorism. On a large scale, money laundering has been used to fund criminal and terrorist organizations. Your company can, and is required to, help stop it by implementing AML practices. However, many companies struggle to manage an AML program that is effective and does not interfere with their general operations.
SILO Compliance offers a collection of resources to help your company develop an AML compliance program that meets regulations and protects your company from money laundering risks. Whether your company needs a new compliance system or needs help restructuring your existing policies, the team at SILO Compliance can help. Contact SILO Compliance at +1 501-422-8030 to discuss how we can help you in detail.
Governance Risk and Compliance Solutions
The key to an effective AML compliance program is managing governance risk and compliance solutions. Governance risk is a problem when you are unable to understand what your risks are with specific transactions. As a result, you cannot make informed decisions about the clients that you work with, which will likely cause scrutiny from the ICA.
Due diligence is an important part of ICA compliance and failing to comply can lead to legal and financial issues. Fortunately, there are many ways to improve your due diligence practices and maintain ICA compliance. Software, consultants, and AML training are all a part of the process, and SILO Compliance can help you with all three of these areas.
To improve your company’s ability to comply with ICA regulations, there are several options that you can take. Here is a look at how we can help you improve your AML program:
How you train your staff members makes a big difference in their performance. SILO Compliance has training resources that focus on every aspect of AML compliance, including due diligence. Use our resources, including an online course, to help staff members learn and apply effective AML practices.
SILO Compliance has software to help companies design and administer training programs, manage mandated reporting, track performance, and other features to help you maintain your AML compliance certification. We even have systems to help you with customer due diligence. CDD AML practices are essential in identifying potential problems and responding appropriately.
All of our software options can be the key to fixing your AML compliance program. See what they can do for you with a demo.
AML Compliance Consultants
Building an effective AML program can be difficult, even for the most sophisticated companies. Our consultants can help you develop an anti-money laundering policy that covers all of the areas that your business needs to maintain compliance.
Learn More About AML Solutions from SILO Compliance
Don’t let AML compliance continue to be a problem for your company. Take control of your AML operations and make positive changes to protect your company. Call SILO Compliance at +1 (501) 422-8030 for help making your AML compliance program more effective.