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Anti-Money Laundering (AML) and Transaction Monitoring

AML and Anti-Terrorist Financing (ATF) Acts

Our compliance software tool Raemonda is based on a questionnaire. Upon completion of this questionnaire you completed a file on your client or object company that reflects your knowledge about the structure and for which purpose the structure has been set up, the UBO’s and your companies’ risk assessment of the client or object company.

In line with the legislative changes: the 5th EU AML directive, the Dutch trust offices supervision act 2018 (Wtt) and the Dutch AML and anti-terrorist financing 2018 act (Wwft) we have updated our questionnaire.

Transaction Monitoring

Furthermore we have upgraded the transaction monitoring tool. You can now enter multiple own bank accounts per file, on the basis of which you compile a transaction profile with both cash and non-cash expectations and all file related contra bank accounts. All processed and planned transactions per file are checked against the entered cash expectations. If a transaction cannot be matched with an expectation the transaction is marked as unexpected. Either you then link it manually to an existing expectation or a new expectation needs to be made. We are constantly working on keeping Raemonda up-to-date. This saves your company a lot of time and assists you in meeting the legal requirements. In other words: your company is in control.

New client acceptance file (adapted to Wtt 2018).

New client acceptance file (adapted to Wtt 2018)

Now is the moment to replace your hard-copy client files with Raemonda, our user-friendly digital compliance information system, as we have adapted our client acceptation file to the Dutch 2018 Trust Offices Supervision Act (Wtt 2018). With the build in sanction checker and transaction monitoring tool you’re always up-to-date and in control.

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