Outsourcing AML Due Diligence Services

Complying with AML regulations requires taking a risk-based approach towards assessing the risks from doing business with different types of customers and third parties.

Genesis Compliance Consultancy offers a broad spectrum of AML risk-based screening, monitoring, and due diligence approaches that suit the needs of small and medium sized reporting entities such as jeweller stores, real estate businesses, remittance services and car dealers.

We provide tailored solutions commensurate with the level of risk involved, including: establishing policies, procedures and controls that are designed to detect and report instances of money laundering; client on-boarding, and risk scoring; sanctions and negative news screening; monitoring; and open source public records research and enhanced due diligence on higher risk accounts.

Overflow and Outsourced Customer Identification and Verification

There are many advantages to outsourcing portions of your AML compliance program to Genesis Compliance Consultancy. More and more, in-house compliance for small and medium sized reporting entities are faced with internal financial pressures and resource constraints while looking to build an effective and robust AML program. Genesis Compliance Consultancy can help supplement your existing efforts and provide customer information profiles (CIP) support and assistance..

AML Remediation Services

Genesis Compliance Consultancy helps clients expertly and efficiently resolve gaps and deficiencies in their AML compliance programs. We offer diligence remediation services to assist our clients with changes in the law and/or internal firm policies. Genesis Compliance Consultancy also offers transactional remediation services, when clients may require a “look back” in order to evaluate in-house performance and compliance.