We understand the risks that financial institutions and large corporations face when it comes to managing compliance risks associated with financial crime. Valenta BPO has vast expertise in this field and we are able to identify risks and propose and implement solutions.
We have proven experience in defining and managing AML (anti-money laundering) and KYC (know your customer) operations for financial institutions world-wide, including clients in the Fortune 500. We have supported these enterprises in enhancing their operational efficiencies, processes and compliance.
Valenta BPO offers Austrac authorised professionals with over 20 years of experience. Financial crime consultants, financial crime specialists, technology experts and legal professionals work in synergy, to ensure your organisation stays up to date with the latest technologies and legislative requirements.
Companies offering financial services are increasingly depending on digital and emerging technologies, towards offering efficient services to customers. While this is an inevitable shift, it also takes the possibilities of online financial crime to a new level. Crime in the financial space is no longer among the possibilities that could occur theoretically, but one that concerns all of us, here and now.
For financial institutions, the key areas of focus are initiatives such as KYC (know your customer), and AML (anti-money laundering). Organisations face newer, tech savvy competitors, reducing profit margins, and challenges in acquiring ‘genuine customers’. This urges them to put the required infrastructure and systems for financial crime compliance in place. The result is a restructuring of their AML and KYC programs, with stringent rules for non-compliance.
Our solutions include:
Financial crime is an intricate, multi-layered universe – an unclear, fragmented ecosystem that often includes activities that emerge from hostile regions, complex online environments, cutting-edge technologies and appliances. We have an in-depth understanding of the methods involved in such activities, the technologies/ platforms used, and the best possible ways to prevent such crimes. We work closely with experienced domain experts to offer our customers, the latest in technologies and compliance.