Achieve AML Compliance with our end-to-end AML Suite

LegalEase Anti-Money Laundering (AML) Compliance Services

• AML Customer Sanction Screening and Ongoing Monitoring

  In collaboration with our technology partner, we provide you with an advanced anti-money laundering (AML) KYC sanction screening solution to help proactively mitigate risk and ensure compliance with a variety of AML and counter-terrorist financing (CTF) regulations

  We make your KYC and Customer Due Diligence (CDD) programs effective with solutions that:

  • Consolidate customer information from multiple sources
  • Screen for sanctions violations
  • Check for Politically Exposed Person (PEPs)
  • Automate beneficial owner verification, look up, and screening
  • Enable real-time screening from your CRM such as Salesforce via web services integration
  • Store relevant due diligence documents and reports

• Automated Suspicious Transactions Monitoring and Reporting

  Suspicious Transaction Reports (STR) play an important role in combating money laundering and terrorism financing.

  LegalEase Solutions works with your team to monitor and review all International Financial Data Services (IFDS) transactions to determine if any suspicious transactions have occurred.

• Transactions Screening

  In conjunction with our technology partners, we offer real-time screening of transactions so that you can detect risks involving sanctioned or high-risk parties. With transaction screening, you can identify and extract all relevant pieces of information from transaction messages and screen that information against watch lists such as sanctions, PEPs, and internal black lists.

• Independent AML Program Review

  LegalEase Solutions provides an independent AML program review function to test your firm's Anti-money Laundering (AML) compliance program in the most cost effective and efficient way.

  An AML review is not only required by federal regulatory bodies, but also serves as an integral part of your business by helping protect your firm from being an unintentional conduit for money laundering and fraud. Using an outside firm to conduct your annual AML review will give your business added credibility and trust, and will add valuable time and cost savings to your business.

• AML Audit Support

  LegalEase Solutions conducts audits and tests the effectiveness of Anti-Money Laundering (AML) compliance policies and procedures.

  The audit is done in 3 phases:

  • Phase 1 - Document collection
  • Phase 2 - Document evaluation
  • Phase 3 - Compile findings into audit report for Compliance Manager

  
  

  The audit conducts a review of

  • AML compliance manual
  • Client identification procedure
  • Record-keeping process
  • Risk management and assessment process
  • AML training program
  • Monitoring and management information systems
  • Previous audit reports

• AML Policies & Procedures

  LegalEase Solutions compliance experts and attorneys draft tailored AML policies and procedures that are thoroughly researched, to ensure compliance with your company’s specific risk profile & regulatory obligations. Our team will invest the time and trouble to understand the implications and requirements of new regulations and design the policy and procedure accordingly.

• AML Compliance Training

  In collaboration with our technology partners, we have developed up-to-date AML training courses in order to provide insights and strengthen the knowledge of your team.

  The AML Compliance Training:

  • Familiarize employees with the process of money laundering — the criminal business used to disguise the true origin and ownership of illegal cash, the laws that make it a crime, and the responsibilities of employees to help detect and prevent it
  • Monitor assessment scores and integrate completion of courses through your HR portal

  Our anti-money laundering training will teach employees when to refer to anti-money laundering policy, how to follow anti-money laundering training procedures, how to spot red flags, and will encourage them to seek advice when raising concerns and reporting breaches.