FIU-IND Registration: : Assisting in mandatory registration with the Financial Intelligence Unit - India (FIU-IND) for compliance with anti-money laundering obligations.
Timely Reporting: Managing compliance with reporting requirements, including Suspicious Transaction Reports (STR) and Cash Transaction Reports (CTR), ensuring accuracy and adherence to FIU guidelines.
Periodic Filings and Notifications: Coordinating regular updates and filings to maintain good standing with FIU-IND and regulatory authorities.
Policy Setup and Procedural Development
Custom AML/CFT Policy Creation: Developing tailored AML/CFT policies in line with Indian regulatory standards.
Internal Controls and SOPs: Establishing standard operating procedures for AML processes, ensuring effective oversight and compliance within the organization.
Employee Training Programs: Implementing mandatory training on AML compliance to ensure staff awareness and alignment with regulatory obligations.
Thematic Reviews and Compliance Audits
Annual and Thematic AML Reviews: Conducting thorough reviews focused on key AML areas such as client onboarding, risk assessment, and monitoring processes.
Gap Analysis and Remediation: Identifying compliance gaps through audits and offers remediation strategies to strengthen AML frameworks.
Ongoing Compliance Monitoring: Providing continuous monitoring and support to ensure the effectiveness of AML policies and adapt to regulatory changes.
