Like most things around us, financial services too are getting on to the digital platform with online transactions increasing rapidly over time. This also brings to the fore the threat of online crime, and increasingly stringent financial crime compliance laws are a reality we have to face.
Towards addressing these threats and ensuring security of transactions, financial institutions focus on initiatives like KYC (Know Your Customer) and AML (Anti-Money Laundering). The competition for ‘genuine customers’ is fierce with newer tech-aware competitors and reducing profit margins, which is what drives organizations in this space to have robust checks and measures in place, for compliance on financial crime. The AML and KYC programs are getting restructured with more stringent rules for non-compliance.
We have a robust track record in defining, deploying and managing AML and KYC initiatives for financial institutions across the globe. In fact, we have offered our services to several clients on the Fortune 500 list, helping them improve on their operational efficiency and compliance.
Our team consists of Austrac authorised professionals with 20+ years of experience. This is backed by specialists in financial crime, technology experts and legal experts working in sync to ensure your organisation is up to date in terms of systems and compliance related issues.
In the digital era, financial crime is emerging to be one of the biggest challenges to lawmakers and financial institutions alike. A complex, shadowy operation, financial crime involves activities in hostile regions, complex online ecosystems, and deployment of cutting-edge technologies, to cover the tracks of dubious transactions. We have a team of experts with a good understanding of the methodologies involved in such activities, the tools deployed and what it takes to prevent such crimes. We engage with domain experts to offer our customers the best in technology and compliance.