Regulated entities are required to meet requirements from the regulators to submit various AML reports. Broady speaking, these reports are of two categories.
Additionally, the Compliance Officers are expected to submit a semi-annual AML report to their management, which demonstrates senior management oversight of the AML framework.
We help you meet your AML regulatory reporting obligations by providing you with timely support and advise. Before submitting any kind of AML report, there are clarifications and validations needed from staff, clients, senior management and Compliance Officer. The requirements may vary on a case-to-case basis. For example, a suspicious transaction needs to be investigated with proper data and transactional evidence in the form of an ‘Internal STR’ before submitting a SAR / STR in goAML portal. We assist in the finalization of SAR/STR by collecting relevant internal data, analysing the data as part of internal investigation and enable the decisioning for filing the SAR / STR. Similarly, we assist our real estate clients in submitting Real Estate Activity Report (REAR) and our clients dealing with Precious Metals and Stones (DPMS) in filing DPMS Reports for covered transactions.
Often times collecting data for survey questionnaires can be challenging. We work with your external parties like auditors, to gather and collate data together with proper quality check before submitting to the regulators.
We have proven track record in the field of AML compliance. Hence, you can be rest assured of our best services based on our rich experience.
