FINANCIAL CRIME COMPLIANCE
♦ Identify/Assess Financial Crime Risks
♦ Plan, Resource and Implement Financial Crime Prevention Strategy
♦ Financial Crime Monitoring, Reporting and Record Keeping
♦ Financial Crime Investigations/Case Management
GRC-Maestro is a powerful platform designed to ensure your firm has comprehensive controls in place to counter fraud and financial crime.
Automated Rule Checking
Identify potential fraud or financial crimes with automatic checks.
Flagged issues/events launch the Financial Crime Case Manager.
Flagged Fraud/Financial Crime events and launch the GRC Case Manager.
GRC Cases are investigated, classified as issues/”false positives” and are managed to resolution.
Firms are required to maintain thorough Fraud/Financial Crime records.
Ensure your firm has the records to evidence its compliance with Fraud/Financial Crime laws and regulations.
Extract the data required by management to assess the firm’s Fraud/Financial Crime status.
Provide data for detailed management reporting per period.
Consultants who want to provide new AML services or improve the operational efficiency of existing AML services can use GRC-Maestro to automate checks, processes and record keeping.
Firms can allow their clients to “self-service” their AML or provide a blend of technology and services.
Many mutual funds delegate their AML responsibilities to their Fund Administrators.
Where the Fund Administrator is responsible for AML then they have to confirm the beneficial owners of the fund investment and, in some instances, either decline an investment or implement enhanced due diligence on the investor.
Smaller regulated firms face strict AML rules but often don’t have the human or IT resources to adequately prove their compliance.
GRC-Maestro is designed to give boutique firms the AML Control Framework they need to satisfy regulators that they operated, and continue to operate, in compliance with relevant AML laws/regulations.
GRC-Maestro helps Mid-Tier firms deal with the complexities of staying compliant with multiple regulators and operating in more than one location.
Whether firms need to consolidate their AML view group wide or automate manual checks/processes, GRC-Maestro is an essential part of your AML Control Framework.
Operating in multiple locations with compliance teams spread internationally presents additional management and oversight complexities.
GRC-Maestro helps Multi-Nationals maintain strict AML management over their global operations by providing AML management with visibility of group wide AML controls, reportable issues and breaches/violations.