Base60 compliance consulting team, with expertise consultants having plethora of compliance related knowledge in Banking and financial services domain, offers consulting services for financial institutions, in proceeding with compliance program to stop the unduly stretching money laundering activities.

Base60 compliance consulting team guides the banking and financial institution in implementing the anti money laundering program by giving consultation on both business and technology front.

Our professional approach engages

• Studying the regulatory compliance applicable to the institution
• Assessing the existing process flow of the institution
• Preparing a GAP analysis document
• Defining the compliance requirements and releasing the AML policy document for the institution
• In-depth analysis and study of the hurdles involved in tracing fraudulent and drawing best practices that sorts out the suspicious customer/transaction
• Framing the scenarios to be configured to track the Money Laundering activities
• Frame the investigation procedures for the alerts generated out the system
• Designing an architecture that is viable and cost effective to the financial institution
• Conducting institution wide awareness program about the need for implementing Anti-Money Laundering program
• Conducting the training program to the compliance officers
• Preparing RFP documents
• Selecting vendors based on the feasibility and comprehensibility of the solution they offer and also in the view of its complacency to the institution’s requirements
• Auditing the installed system for its compliance to the functional requirement
• Regularly auditing the compliance program of the institution