AML/TF AND KYC

Outsource the Anti-Money Laundering and Terrorism Financing (AML/TF) and Know Your Customer (KYC)

The KYC processes will help you to manage the global requirements of compliance as well as the required by the AML/TF regulation without lose sight of your principal commercial objective.

For this purpose, from Grupo GAT we help companies to comply with the current Anti-money laundering and Terrorism Financing regulation as well as the Due Diligence (DD) and Know Your Customer (KYC), at the same time as we mitigate the risks effectively. For that, we count with a Compliance BPO team and software of AML/TF.

We are experts applying in the KYC processes the AML/TF regulation

For all this, our services of Anti-Money Laundering allow to take risk management decisions proper and securely in the business and compliance key flows along your commercial relation’s life.

From Grupo GAT we take over the control and following defined for each obligated subject:

Identity verification

We quickly verify the identity of the new customers/third parts trough a concise information. For this, we use multiple sources to take the most intelligent decision, and to always be focused on the intake of potential customers/third parties.

Adverse information

We monitor the more relevant risk events that can affect to the running of the business, trough the display of global adverse information media that extract data of more than 35.000 leading sources in all the world.

Accounts and payments monitoring

Our analysts work in the detection applied to the Anti-Money Laundering and Terrorism Financial of the customers’ operations, providing a complete vision of the risks and the opportunity of establishing a satisfactory relation with customers/third parts along all the life cycle.

Sanctions, Politically Exposed Persons (PEPs) and Compliance

We strengthen the sanctions detection, based in risk, trough complete lists of sanctions and compliance and global data about Political Exposed Persons, PEPs, that covers multiple risks.

Other services

Due Diligence

Whistleblowing channel

Investigations

Anti-Money Laundering and KYC

Compliance Management Systems

1.1. Highly regulated in AML/TF Compliance

Grupo GAT offers an accurate valuation of the risks thereby allowing your company to focus its resources on the relevant risks. In this way, you can prioritise the global requirements of compliance about financial crimes, considering:

  • 5th Directive of the EU about AML/TF
  • USA PATRIOT Act
  • OFAC regulation, Office of Foreign Assets Control. Financial supervisory body under the authority of the USA Treasure.
  • FinCEM, Financial Crimes Enforcement Network.
  • FFIEC, Federal Financial Institutions Examination Council.
  • GAFI/FATF, Financial Action Task Force, created by G8
  • Wolfsberg Group, non-governmental association of thirteen global banks.

1.2 Our scope in the KYC services

Reach a more effective system of compliance thanks to the combination of experienced analysts and the most advanced technology. You will be able to evaluate and manage efficiently the risk of money laundering along the customer’s life cycle.

Grupo GAT counts with integrated and configurable tools that help you to optimize the compliance requirements about AML/TF so you can focus in the Core Business: the commercial relations with your customers, trough:

  • The simplification of the initial due diligence.
  • The automation of the high-volume screening of customers.
  • The support in precise investigations.
  • The reduction of false positives.
  • The facility of a more quickly revision of alerts AML/TF
  • The optimization of the continuous due diligence and the functions of the corresponding monitoring.

If you want to know what subjects are obligated to comply the Anti-Money Laundering spanish law, see our blog.

1.3   What we contribute?

Indeed, the externalization of the Know Your Customer (KYC) services and the Anti-Money Laundering and Terrorism Financial (AML/TF) provides a worm of benefits to your company, regardless the sector and size:

Approach in the Core Business

Delegate the Know Your Client (KYC) and AML/TF function in our Compliance BPO team, allows your company to invest more time and efforts in your real business. As a result, you can generate new ideas for a further growth.

High quality services

Like Business Process Outsourcing of KYC an AML/TF professionals, the Grupo GAT team are dedicated to learning everything there is to know about the subject and putting knowledge into practice; for that, you can be sure of receive high quality services.

Cost-effective solution

Most of the time, opt for externalized services saves a considerable money and resources for the companies. Therefore, is an excellent option reinvest this extra resources in develop new ideas and projects that contribute to the business growth.