Cyprus and European Union Anti Money Laundering (AML) & Counter Terrorism Financing (CTF) legislation is becoming more and more strict and demanding. AML.Coach is a compliance management system designed to help regulated firms (obliged entities) adopt an effective and structured methodology in managing their AML, CTF, Proliferation and Sanction Regimes activities. AML.Coach satisfies local Cyprus and EU legal requirements and takes you through the assessment process with a user friendly step by step approach. It's a complete solution comprising both a high tech AML platform but also expert AML know how to help you stay up to date and meet evolving AML & CTF legal challenges.
The AML.Coach platform's functionality has been designed to meet local Cyprus and EU legislation requirements and performs according to directives issued by FATF, ICPAC and CySEC.
Are you just starting up in AML? No worries. AML.Coach platform is so easy to use that you can start carrying out your AML and compliance activities right away, with just a short introduction.
With permission based access, retention policies and automatic backups, all client's information in the AML.Coach platform is securely obtained, kept and archived satisfying the requirements of EU GDPR legislation.
With its Know Your Client (KYC) module the AML.Coach platform enables you to carry out Client Due Diligence (CDD) and Enhanced Due Diligence (EDD), ensuring that all required information and documentation to meet compliace requirements, is obtained.
Client risk assessment is a basic requirement of Cyprus AML and CTF law. AML.Coach platform assess the overall risk of each client using the Risk Based Approach (RBA) methodology with predefined assessments factors, weights and scores.
The AML.Coach platform being fully compliant with the Cyprus AML and CTF law, enables you to carry out background checks and screenings in sanction lists (EU, OFAC, UN), PEP lists and searches in criminality lists.
Follow up and update all expired identification documents such as passports, ID cards and proof of address documents (utility bills) for both legal entities and physical persons. The AML.Coach platform brings up all expired documents for you to review and update.
Cyprus AML law is very strict on reporting Suspicious Activity and Suspicious Transactions. The AML.Coach platform empowers users for easy internal and external reporting and maintains a log for all incidents reported for future reference.
We are not just Technology experts. We are also AML Specialists. The AML.Coach platform is not only a state of the art tech solution, it's also the representation of a robust AML methodology designed by our AML compliance specialists.
We contiguously review and update the different modules of our AML.Coach platform according to directives and recommendations by relevant regulating bodies satisfying all relevant Anti Money Laundering & Counter Terrorism Financing compliance requirements.
We don't stop on AML. We go way beyond an AML solution and integrate it with the rest of your business functionality and management processes to optimize your operations, reduce your cost and boost your performance.
We are fast! With our AML solution you can get started and onboard your clients for AML assessment in just a day. Call us today and have your AML solution up and running literally in no time.
We are right next to you on every step of the way. Our job is to make your business life easier and less risky every day at any time.