Our Services
How can we help you?
ELMARK Pro Compliance offers a comprehensive range of products and services meticulously designed to ensure utmost customer satisfaction in implementing a robust AML/CFT regime. The following is a summary of the products and services provided by ELMARK Pro Compliance:
Regulatory Compliance Risk Assessment
Regulatory Compliance Risk Assessment: Regulatory compliance is of paramount importance for financial institutions to avoid sanctions. However, the extent of compliance may not always be known, and unexpected sanctions may arise. The regulatory compliance risk assessment evaluates the organization’s operations in relation to legal requirements, identifies gaps, and proposes mitigation measures for management’s attention.
Regulatory Intelligence/Gap Analysis
This service keeps subscribers informed about newly released regulations and directives. A thorough analysis is provided to enable clients to swiftly implement and operationalize new requirements or obligations.
AML/CFT Risk Assessment
This service assesses the effectiveness of a client’s AML/CFT measures in meeting regulatory requirements and internal best practices. It includes evaluating the adequacy of the institution’s policies, procedures, and internal controls for managing money laundering and terrorist financing risks, considering factors such as the institution’s size, complexity, and vulnerability to such activities.
AML/CFT and Compliance Policies advisory
This service assists clients in developing customized policies for board consideration. It involves creating relevant policies in cases of their absence or amending existing policies to address deficiencies.
AML/CFT Trainings
Annual training of staff on AML/CFT regulations and best practices is required. This service offers role-specific training to meet regulatory requirements and enhance staff’s knowledge of AML/CFT as needs arise.
Sanctions Compliance
Advisory
This critical service advises clients on implementing a robust sanctions compliance regime to prevent violations of global sanctions. Sanctions impose strict liability on organizations, meaning they can be held accountable even if they unintentionally or unknowingly violate sanctions.
Data Protection and Privacy Advisory
This service assists clients in mitigating data protection and privacy risks by providing compliance roadmaps aligned with the Data Protection Act 2012, Act 843, the EU’s General Data Protection Regulation (GDPR), and other applicable jurisdictional data protection laws.
Financial Crime Advisory
The financial sector’s intricate nature presents significant challenges in detecting and preventing fraud. Financial crime advisory helps clients enhance their capabilities in combating financial crime.
Third-party/Partner Due Diligence Reviews
Third-party due diligence involves conducting independent investigations using primary and secondary resources, either remotely or locally, to gather essential information. The goal is to identify new red flags requiring risk assessment or provide assurance regarding the reputation of third parties with whom the client engages or intends to enter a business relationship.