Our Industries

The AML/CFT industry is becoming more complex due to regulatory changes, periodic staff training, and changing compliance requirements. amlcomplete is excited to know about our clients’ nature of business to help reduce distractions associated with regulatory compliance and AML, as our products and services are extensive and focused on ensuring our clients’ success.

Non-Financial Businesses and Professions

Lawyers

This category includes legal professionals such as solicitors who provide legal services, including transferring property, creating trusts and establishing companies.

Real Estate Agents and Developers

Real estate professionals, including agents, developers, and brokers, facilitate real estate transactions, such as buying, selling, and leasing real estate.

Accountants and Bookkeepers

Accountants, auditors, and tax consultants are responsible for maintaining financial records, performing audits, and providing guidance on tax matters for individuals and businesses.

Dealers in precious Metals and Stones

This category includes companies that engage in buying, selling, or trading precious metals such as gold, silver, and precious gemstones.

Financial Businesses and Professions

Insurance Sector

Insurance companies, insurance agents and brokers in selling and providing insurance products and services.

Payment Service Provider

AML compliance is an essential element of the operating and risk management framework of PSP. In order to reduce risks, PSP must implement a strong and comprehensive AML compliance program that meets the regulatory requirements and FATF recommendations and best practices.

Money Services Businesses

The legal requirements for MSB companies depend directly on the jurisdiction or region in which the company is registered. As it is subject to anti-money laundering (AML) regulations, it has anti-money laundering controls to address risks arising from illicit financing activities. While regulations vary from one place to another.

Securities Dealers

Brokers or dealers who buy and sell securities for their own accounts or on behalf of their clients pose a high ML risk because they handle large sums of money and a variety of financial instruments on behalf of clients and are subject to strict AML/TF requirements.
Brokers must follow regulatory duties and implement an effective program to combat ML/TF to confront the risks of ML and avoid penalties, fines and damage to reputation.

FINTECH (Financial Technology)

The financial technology service in the financial sector has contributed to saving time and effort to a very great extent. With this achieved and continuous growth, the risks of ML/TF have begun to evolve.
ML through FinTech service is attractive to criminals due to the increase in transactions using FinTech systems, the flow of funds, in addition to transactions through anonymous accounts, which in turn facilitates ML for criminals.
With the increasing demand for crypto currencies trading, which poses high ML risks to institutions. To prevent ML/TF, companies providing financial technology services must take the necessary measures, prepare policies and procedures, activate financial technology regulatory controls, and use best practices.

Leasing and Microfinance

Financial criminals target lenders as it is an unconventional way to ML.
As supervisory authorities are moving to put pressure on lenders to improve due diligence mechanisms and methods.
Failure to comply with AML regulations may expose lenders to heavy fines that threaten the continuity of the enterprise, and they may suffer reputational damage.
Therefore, it has become an urgent necessity for lenders to implement a strong risk-based approach to monitor loans. AMLcomplete solutions allow lenders to achieve a more effective and streamlined approach to their operations and regulatory compliance.

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