Transaction Monitoring, Screening, KYC, CDD, EDD, CTR, SAR filing and FinCEN 314(a), (b)
Online, ACH (Automated Clearing House), Wire, Internal Fraud, Check Fraud, Deposit Fraud, P2P, SWIFT, Virtual Currencies.
Synthetic identity, Business Email Compromise (BEC), Account takeover (ATO), Phishing, Social engineering and impersonation scams.
Help Financial Institutions stay compliant and mitigate reputational risk with respect to regulatory requirements in Financial Crimes Risk management.
Each institution is unique. Leverage the optimal mix of people, process, technology in the most cost-effective manner to fit specific business needs.
Use AI, machine learning with advanced analytics and effective inter-FI collaboration tools to combat financial crimes and safeguard institutional assets.
Within the advisory group Compliserv offers domain consulting, technology evaluation, roadmap definitions, infrastructure and application recommendation services for the most applicable implementation of Regulatory Compliance technology or vendor solution. We provide comprehensive AML and Fraud Risk assessments so that institutions can identify and safeguard areas of exposure with high risk clients, products & geographies so as to define the required risk appetite level of the organization while having corresponding systems and procedures for regulatory compliance.
The technology & implementation arm of Compliserv offers cost effective and cost- effective services for implementation of AML, Fraud & Cyber Risks for your payments, transactions and online/digital channels. Compliserv works closely with its partners for implementation of several industry leading AML and Fraud prevention solutions. We leverage a very effective collaborative delivery model based on onsite and remote services mix that is optimal for each specific project.
Model Risk validation, remediation, alert tuning, look back requirements rising out of regulatory and internal audits. Compliserv also offers compliance certification services and a pre audit health check of AML processes and technology to manage audit risks in a proactive manner, helping institutions avoid costly remediation expenses as well as potential reputational risks.
In addition to the inhouse expertise in several aspects of regulatory compliance areas, Compliserv has strategic business partnerships with professional services organizations that specialize in niche areas of technology and business domains. Some of the specific areas of partnerships are in the area of.
- Treasury, payments and integrations, message/format transformations, transaction reporting and analytics.
- SWIFT semi and fully managed connectivity.
- Fraud prevention and AML risk assessments.
- Regulatory Audit readiness certification and assessments.
- Payments and transaction Fraud leveraging AI and machine learning.
- Information sharing in Financial Crimes with US FinCEN 314(b)
Compliserv will provide a single point of contact, accountability and own turnkey delivery responsibility for projects that involve multiple areas of expertise by working closely with its partners. Institutions save time and money that would be otherwise required for reaching out to individual providers and evaluating the offerings and associated costs.
Compliserv has consultants who are Certified AML specialists (ACAMS certification) as well as personnel who have vast experience in other areas of regulatory compliance such as KYC, CDD, Sanctions and Transaction Monitoring. Similar services are also offered in the area of Fraud risk assessment and prevention. In the area of cybersecurity we offer managed monitoring services, threat exposure, vulnerability and penetration testing and regulatory certification. The cyberthreat landscape is continuously evolving – we use the latest cutting edge technologies to identify and expose vulnerabilities for risk mitigation.
In areas of International payments and integration on the SWIFT network, Compliserv along with partner resources currently manage and run some of the largest corporations managed connectivity infrastructures with state-of-the-art resiliency, security and support services. All connectivity and infrastructure components are audited and standards compliant/certified as per industry and regulatory requirements. Compliserv can offer current SWIFT users a side by comparison of costs vs services and identify opportunities for cost- efficiency/benefit which can positively impact your bottom-line.
Speak to one of our consultants or enquire more about our services and expertise.