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 AML / Compliance Officer Services

Anti Money Laundering (AML)

Anti-money laundering, often referred to as “AML,” constitutes a comprehensive framework of legal measures, procedures, and regulations meticulously crafted to prevent illicitly obtained funds from infiltrating the financial system. The purview of AML initiatives is far-reaching, addressing a wide spectrum of criminal activities such as corruption, tax fraud, market manipulation, illicit trade, and any endeavours to conceal the true source of these financial resources. Incorporating AML checks is an integral component of the customer due diligence process.

Compliance Officer

The global estimate for the amount of money laundered within a single year range from 2% to 5% of the total global Gross Domestic Product (GDP), amounting to approximately $800 billion to $2 trillion. In order to adhere to primary Anti Money Laundering (AML) regulations, both on a national and international scale, our team of professionals plays a pivotal role by assuming the role of a compliance officer and implementing the following measures:

  • Establish robust mechanisms for scrutinizing transactions and deploying software filters.
  • Employ rigorous Know Your Customer (KYC) methods for verifying, identifying, and cross-referencing customers or businesses against sanctions and watchlists.
  • Conduct due diligence to ascertain the ultimate beneficiaries of legal entities.
  • Demonstrate the organization’s commitment to taking all necessary measures to prevent money laundering-related activities.
  • Maintain meticulous records of all documentation pertaining to client identification and transaction details.

Money Laundering Reporting Officer ("MLRO")

In the capacity of an MLRO, we offer independent supervision and oversight of Anti Money Laundering (AML) processes. Our team of professionals takes on the following responsibilities:

  1. Risk Assessment: We conduct thorough risk assessments to evaluate the potential AML risks within your organization.
  2. Customer Due Diligence (CDD): We ensure that customers are well-informed about and adhere to Customer Due Diligence requirements.
  3. Reporting to Law Enforcement: We make timely and essential reports to law enforcement agencies when necessary.

What We Offer

Our team can provide valuable assistance in the following areas:

  • Designing AML Compliance Programs
  • Serving as MLRO and MLCO
  • Risk Assessment
  • Due Diligence

At our core, we are dedicated to ensuring your business remains compliant with AML regulations and is equipped to proactively address potential AML vulnerabilities.

How We Can Help

Tailored AML Compliance Programs: Our team specializes in crafting meticulously tailored AML compliance programs designed to precisely fit the unique requirements of one’s business or organization. We go beyond standard approaches, developing customized policies, procedures, and internal controls aimed at detecting and preventing money laundering activities effectively.

Advanced Risk Assessments: Our seasoned professionals excel in conducting comprehensive risk assessments, delving deep into one’s operations, customer base, and financial transactions to identify potential AML vulnerabilities. Through meticulous analysis, we provide actionable insights and recommendations for robust risk mitigation strategies, ensuring proactive protection against financial crimes.

Committed to Your Financial Integrity: Our unwavering commitment is to fortify one’s operations and uphold financial integrity through targeted solutions tailored to your specific needs. With our specialized expertise and proactive approach, rest assured that the AML compliance requirements are comprehensively addressed, empowering ones to navigate the complexities of regulatory compliance with confidence.

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About Us

Chandrawat & Partners stands as a dynamic and rapidly expanding full-service firm, specializing in the delivery of exceptional professional and corporate services to a diverse clientele, both foreign and local. We proudly represent companies and individuals across a wide spectrum of sectors through distinct entities established in various countries worldwide.