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), therefore, for all that we develop our compliance software.
We have developed our software with input of various professionals active in the financial sector. Above all we strive to facilitate a compliance programme that assists financial institutions, as a results we meet the compliance obligations in terms of the anti-money laundering and counter terrorism financing, In other words, we demonstrate that we have conducted our customer due diligence process in a proper way.
Consequently, 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, an integrated sanction checker, delegation monitoring (both internal and external) and reporting tools, for instance the annual Dutch National Bank ISI form.
In addition, Compliance Innovations can assist you with a smooth migration in several ways, by importing your entity/relation lists, for instance.
For all that we develop compliance software. The offices of Compliance Innovations are located in Amsterdam (sales and operations) and in Enschede (software development), the Netherlands.
In conlusion, we develop compliance software, in other words, Compliance innovations