AML & KYC

I provide comprehensive Anti-Money Laundering and Customer Identification services

Anti Money Laundering (AML) is a set of laws and regulations designed to prevent the movement and laundering of illicit funds. AML is closely linked to the Financial Action Task Force (FATF), which was established in 1989 to promote international cooperation. AML measures target, for example, terrorist financing, tax evasion, and international smuggling. AML varies from country to country, but there is a global drive to harmonize standards. As part of our AML service, we audit the anti-money laundering measures and policies of the company we are working for. I prepare a summary report of any deficiencies identified and make recommendations for the development of a compliant regulatory environment. If necessary, I will develop the company's anti-money laundering policy, prepare training materials on the subject, and provide training to relevant employees. I review, update, and record the policies and training materials on an ongoing basis.

KYC stands for Know Your Customer, which is an acronym for customer identification. In the business world, it is the process of identifying a customer based on the information (data, background) that is available about them. This is particularly important in the banking and insurance sectors, as financial service providers, credit institutions, and insurance companies are legally obliged to identify their customers to avoid having as a customer or partner a person or organization that may be linked to corruption, money laundering, or terrorism. KYC is a cornerstone in the fight against money laundering. It is also of paramount importance when establishing a new business relationship, such as opening a bank account. I assist with KYC procedures, collecting and registering company documents, the actual owners of the company, and preparing the ownership network with all related documents.