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AML KYC/CIP Solution

Firms that aim to mitigate their regulatory risks, keep pace with industry best practices, and satisfy inquiries from prospective investors increasingly need support to evolve and maintain their anti-money laundering (AML) programs.


Compliance teams globally are tasked with meeting requirements under various Know Your Customer (KYC) and Customer Identification Program (CIP) regulations, or they can face significant fines. In 2019 alone1, there were over $8B AML compliance fines globally, and penalties have continued to trend upward since 2015.

ACA’s AML KYC/CIP offering is designed to assist your firm in developing and implementing effective AML practices that meet industry best practices and comply with applicable laws and regulations in the U.S., Europe, and Cayman Islands. Our solution combines ACA’s ComplianceAlpha® regulatory technology with ACA’s managed services to help your firm meet its data screening, ongoing monitoring, remediation, and reporting needs.

The solution is available in three tiers to meet your firm's unique needs. To learn more, download our product sheet.

 


https://www.acfcs.org/fincrime-briefing-aml-fines-in-2019-breach-8-billion-treasury-official-pleads-guilty-to-leaking-2020-crypto-compliance-outlook-and-more/