Companies offering financial services are increasingly depending on digital/ emerging technologies, towards offering efficient services to customers. While this is an inevitable shift, it also takes the possibilities of online crime to a new level. Crime in the financial space is no longer among the possibilities that could occur theoretically, but one that concerns all of us, here and now.
For financial institutions, the key areas of focus are initiatives such as KYC (Know Your Customer), and AML (Anti-Money Laundering). Organizations face newer, tech savvy competitors, reducing profit margins, and challenges in acquiring ‘genuine customers’. This urges them to put the required infrastructure and systems for financial crime compliance, in place. The result is a restructuring of their AML and KYC programs, with stringent rules for non-compliance.
We have proven experience in defining and managing AML and KYC operations for financial institutions worldwide, an aspect that attracts several clients in Fortune 500. We have supporting these enterprises in enhancing their operational efficiency, processes, and compliance.
We have on our team, Austrac authorised professionals with over 20 years of experience – financial crime consultants, financial crime specialists, technology experts and legal professionals working in synergy, to ensure your organisation stays up to date in terms technologies and compliance aspects.
Our solutions include:
Financial crime is an intricate, multi-layered universe – an unclear, fragmented ecosystem that often includes activities that emerge from hostile regions, complex online environments, cutting-edge technologies and appliances. We have a good understanding of the modus operandi involved in such activities, the technologies/ platforms used, and the best possible ways to prevent such crimes. We work closely with experienced domain experts to offer our customers, the latest in technologies and compliance.