Compliance Innovations develops compliance software focused on international anti-money laundering (AML) and counter terrorism financing (CTF) regulations. In the Netherlands these are legally reflected in the Dutch Trust Offices Supervision Act 2018 (Wtt), the Anti-Money Laundering and Anti-Terrorist Financing Act 2018 (Wwft) and the Sanctions Act (Sanctiewet 1977).
Our software has been developed by various professionals active in the financial sector in order to facilitate a compliance programme that assists financial institutions to meet the compliance obligations in terms of the anti-money laundering and counter terrorism financing in order to demonstrate that they have conducted their customer due diligence process in a proper way.
Our software includes the ‘Know Your Customer’ (KYC) and ‘Customer Due Diligence’ (CDD) functionality, transaction monitoring on both planned transactions and processed transactions checked against the cash expectations and non-cash expectations from the transaction profile, as well as an integrated sanction checker, delegation monitoring (both internal and external) and reporting tools (such as the annual Dutch National Bank ISI form).
The offices of Compliance Innovations are located in Amsterdam (sales and operations) and in Enschede (software development), the Netherlands.