In recent years more firms have turned to managed compliance services because they can leverage compliance teams quickly and efficiently to implement and maintain a compliance program. The alternative of hiring an in-house full-time equivalent employee (FTE) may simply not be affordable. A qualified AML/CFT compliance professional with 10+ years experience, can expect a salary of circa USD80,000+. Once employed, AML/CFT compliance systems need to be established. Many firms, paralysed by indecision, simply do nothing. This can lead to bad regulatory, reputation, and business outcomes.
AML360 Regulatory Technology acts like an AML/CFT compliance professional. The software simultaneously collects data, analyses and reports to provide AML/CFT compliance and risk management expertise. By utilising the AML360 compliance account, your business will reduce human resourcing costs and fortify the AML/CFT compliance framework. The platform is fully customised to the nature, size and complexity of business and sector.