ComplianceAid

The AML/BSA/OFAC/CFT Risk Assessment Program analyzes the potential for money laundering or terrorism financing activities, by examining the inherent risks, posed to the business, through its products, customers and the geographies in which clients are located. ComplianceAid assist businesses design and implement a Risk Assessment program. For Clients with a program in place, ComplianceAid can conduct the AML/BSA/OFAC/CFT Annual Risk Assessment.

ComplianceAid designs and reviews BSA & Anti-Money Laundering Policies and Procedures. It also offers a template package for organization with limited financial resources. This Do-It-Yourself program includes 1 hour of training. The package includes the AML/CTF Policy Manual Template, the Procedures Manual Template and 18 mitigation tools. This program meets International and National AML/CTF guidelines. Gap Assessment Review is another service provided by ComplianceAid.

The Caribbean Basin Anti-Money Laundering & Financial Crimes Conference will be held in Miami at Conrad Hotel on April 6 & 7, 2017. This is the only conference targeting regulated entities, regulators and government agencies of the entire Caribbean basin.

Money Laundering and Terrorism Financing transactions can damage a business or an institution assets and reputation, thus, it is of high importance to ensure compliance with all applicable laws and regulations. Over twenty industries are required to comply with Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) regulations. Regulated businesses must develop and maintain an AML/CTF program composed of four pillars: (1) Develop Policies and Procedures to prevent the business from being used to launder money or monetary instruments; (2) Designate a Compliance Officer to implement the Anti-Money Laundering Program; (3) Establish an on-going Training Program for all areas subject to Money Laundering; (4) Establish an Independent Audit function that reviews and tests activities into specific accounts. ComplianceAid may provides organization of any size the support implementation meeting regulatory standards.