The team at FirstLink has always supported us from inception with our initial company registration providing practical and knowledgeable advice to guide us during the startup process. Fast forward to present – They provide us with both accounting and business advisory services. We feel comfortable and at peace knowing that we can call on Richard and his team at any time day or night to deal with any complex accounting, legal, human resource or business challenge that we’re going through.”
AML COMPLiance solution
AML Compliance Challenge
Money laundering is a growing worldwide problem. Financial institutions and listed businesses are challenged by a wide range of reputational, legal, business, and financial risks over the possibility of being used by money launders and terrorists to conceal the source of illicit proceeds. Don’t gamble with your compliance! As a senior manager, business owner, or director, you are ultimately responsible for the AML/CFT efforts of your business. Failure to ensure that your business complies with the local AML/CFT legal framework can lead to harsh penalties and fines.
What's the AML Compliance Solution?
We help financial institutions and supervised entities regulated by Financial Intelligence Unit, Central Bank, and Security Exchange Commission to understand and manage their AML/CFT risks, develop comprehensive compliance programmes in accordance with their risk appetite and better detect and report instances of money laundering and terrorist financing. Our solution includes:
We conduct an AML/CFT risk assessment to determine your vulnerability to money laundering and terrorist financing as well as the overall risk appetite of your business.
We assist businesses to create a new or enhance your existing compliance framework of policies, procedures and controls to help you better manage and mitigate your AML/CFT risks.
We provide support and guidance to your Compliance Officer to implement and operationalise your compliance programme to ensure your business meets all the requirements of the local AML/CFT legal framework.
AML Staff Training
We provide a full range of practical and hands-on AML/CFT training for staff, senior management, compliance officers and directors/owners.
External AML Audits
We conduct an annual, external independent review of the efficiency and adequacy of your AML compliance program for submission to your regulators.
Need our help for your Business?
Benefits of Outsourcing AML Compliance
Our major objective is to assist your Compliance Officer in the fulfilment of his AML/CFT duties under local AML/CFT laws. Our AML compliance solutions provides the following benefits:
Strong AML Knowledge
Our team consists of retired bankers, accountants, and lawyers who are Certified Anti-Money Laundering Specialists (CAMS) with a comprehensive knowledge of the local AML/CFT legal framework.
Reduce Compliance Risk
We reduce your overall risk of non-compliance with local AML/CFT laws through the application of comprehensive risk assessment to identify your AML vulnerabilities.
AML Audit Technology
FirstLink'scompliance efforts are guided by world-class leading AML Technology to streamline your anti-money laundering efforts.
For us, what distinguishes FirstLink from the many accountants we’ve dealt with in the past is their adoption of modern technology to reduce the tedious and administrative processes and their focus on providing clients with not only accounting services but value added advisory and consulting services. As business owners, we’re not necessarily savvy in finance or legal, however, we can always depend on FirstLink for any issue we are facing. We feel like the relationship with FirstLink is more partners for life as oppose to just a client – accountant relationship.
The team at FirstLink introduced our business to Xero accounting. It has given us a lot more control over our financial information and for non-accountants; it is extremely easy to use. The Xero Mobile App easily allows us to send invoices to our customers on the go and tracks when the invoices have been viewed by them. I would definitely recommend Xero and FirstLink to anyone looking to implement cloud software to gain real time financial information to improve their business.
Running a business can be a nightmare. Whatever can go wrong will go wrong. However, Richard, Aaron and the team at FirstLink have always been and continue to stay right by my side to provide their professional guidance and advice for every obstacle that we’re faced with. It’s a comprehensive service which is both personal and supportive of my business requirements whether its accounting, tax, human resource or industrial relations disputes.
Richard’s support and professionalism are a pillar of reliability and dependability. We trust totally his guidance and know all is confidential. Any company that he is part of has our complete support. It is without hesitation that I endorse him and FirstLink to anyone seeking professional and honest business advisory support whether accounting, human resource or legal.