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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

Our team is well-equipped to provide the following services:

  1. Tailored AML Compliance Programs: We specialize in designing and implementing comprehensive AML compliance programs customized to the unique requirements of our clients. This encompasses the development of policies, procedures, and internal controls designed to detect and prevent money laundering activities.
  2. Risk Assessments: Our seasoned professionals excel in conducting in-depth risk assessments to pinpoint potential AML vulnerabilities within your business or organization. We meticulously analyse your operations, customer base, and financial transactions to gauge the level of risk involved. Subsequently, we provide recommendations for effective risk mitigation strategies.
  3. Due Diligence Services: We offer our expertise in performing due diligence processes to ensure that your business or organization remains free from any involvement in money laundering or other financial crimes.

Our commitment is to safeguard your operations and financial integrity by delivering targeted solutions that address the complexities of AML compliance, tailored to your specific needs.

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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.