To help you grow, we need to understand your business. There is no one model or methodology that fits all. As such, we steer away from a “cut and paste” way of providing professional services. Provide us with your vision and we ensure that you carry it out.
Our seasoned professionals are here for all your AML / BSA needs.
Without adequate controls, the financial system is utilized for activity involving illicit funds and ill-gotten gains. Whether regulated at the state level, nationally or both nationally and internationally, we are your guide for AML and FCC-related matters in the banking sector. Our approach is designed for your business’ banking model to align with regulatory mandates and requirements. Simply put, your business has to flourish, and we are here to ensure that it can. Without your business, there is no compliance and without Conduit Compliance Solutions, there is no lasting business.
The future of banking is here and so are new emerging risks.
Lower rates for customers and the convenience of online / digital banking have made the FinTech industry the next wave and new generation of the financial services system. From Silicon Valley, California to London, England and all over the UK to Beijing and all over China to Soho, New York and with emerging investments in Africa, more and more young entrepreneurs and new industry leaders are developing financial services technology platforms. With any new business in or around the financial sector comes risk and appropriate mitigation. How does this industry thrive while it is a new spawn away from traditional banking? Naturally, as the world develops, so has how consumers monitor and spend their money. CCS utilizes best practices while monitoring AML requirements and developments for FinTechs. Traditional banking compliance is not necessarily applicable. Visibility and mitigating controls are at the forefront of compliance in the FinTech space. Ensure that your firm has an adequate compliance program to operate as a Financial Services Technology platform.
Manage compliance to maintain business with your payment services provider.
Whether you are a family-sized online video games shop or a large-scale conglomerate of casinos with online gambling, CCS will create and develop your AML Compliance program to include surveillance, reporting, and AML trainings in addition to providing audit services as required. If you are utilizing a Third-Party Payment Processor (TPPP) for your customer / player transactions, CCS will help you meet the mandatory requirements for you to continue your business and maintain the relationship with your payment services provider.
Developing regulations around Blockchain means unconventional monitoring.
With regulations in development around decentralized finance and blockchain, ensure that you have adequate monitoring and AML controls in place to reduce money laundering risk and prepare for AML audits and exams. We are your guide and partner through these pending regulatory requirements and mandates in the DeFi space.
Our expertise includes compliance for payment services from a practical and global view.
If you are a Money Services Business (MSB) with customers based internationally in the Caribbean, Middle East, Africa or Asia, Conduit Compliance Solutions will create and develop your compliance program to meet the respective requirements in the US and abroad. Our globally savvy AML Compliance professionals bring a unique and diverse array of expertise around customers with employment overseas and family abroad among other dynamics in addition to understanding the payments and other financial services that you provide to your customers. Ensure your compliance has been developed and implemented adequately to continue transactions and grow your business.
You created the tech. Now apply the compliance structure to protect it.
The emerging development of technology service providers means merging and managing the development of risks, in many cases faster than the technology. In other words, faster execution of transactions means that there is less time to identify potentially nefarious activity. This increases the pressure on these service providers to prevent, detect and report potential financial crimes-related activity. CCS will partner with your firm to identify key risk indicators and the mitigates for these red flags.
Implement adequate compliance procedure for the current climate with the future in mind.
Whether medicinally or recreationally approved, success as a Cannabis Related Business depends on supply chain visibility, which means a strong compliance structure. CCS will help you develop a compliance program particular to the US state that you operate in to ensure cannabis compliance from cultivation (growers) to packaging to consumer sales. As this emerging market is constantly developing, so will compliance. Prepare for the eventual legalization of marijuana while in the meantime, maintaining a compliance structure that allows your company to conduct business in your respective state. CCS is here to help you meet the demands of this ever-developing market.
To sustain your business and ensure growth, CCS will partner with your firm to ensure compliance with the relevant local, state and federal requirements in order to prevent, detect and report required activities. We are your compliance guide and Subject Matter Experts alongside your business development.
These ever-developing forms of digital currency are heavily shrouded in poor AML and fraud prevention processes. Allow CCS to develop your monitoring and reporting to ensure the required compliance unique to your business.
Although AML and Sanctions are technically separate processes, they are equally essential for an effective Financial Crimes Compliance program. CCS will develop the required processes that are unique to the size of your firm and your customer products and services.
Cease and Desist. What now? Our AML compliance professionals bring direct expertise involving monitorships from both in-house and external perspectives. As an independent consultancy, our subject matter experts are here to serve your firm in remediations and MRAs (Matters Requiring Attention).
What is the most important component of a Cannabis-Related Business? Supply-Chain Visibility, hence Compliance. Our cannabis and AML Compliance industry professionals will design, develop and assess your cannabis compliance program.
From high-profile clients to public figures and Politically Exposed Personnel (PEP), CCS will ensure that you have the right processes in place in accordance with regulatory requirements, so that you can maintain and continue to develop your relationship with your clients which require Enhanced Due Diligence (EDD).
Our fraud and AML SMEs will design controls and processes that are unique to your business and your customer base to ensure that fraud risk is appropriately mitigated and managed. Online fraud has widespread business impacts and requires an effective end-to-end strategy to prevent Account Takeover (ATO), deter new account fraud and stop suspicious payment transactions.
When you need seasoned professionals to adapt and excel in a demanding environment, Conduit Compliance Solutions brings an array of expertise that will help you meet the demands of regulators ensuring quality reviews that satisfy necessary requirements. CCS will be your representation and management for transaction monitoring matters, so that your regular workstreams can continue without further stress on your employees.
Whether short-term, long-term, small scale or large-scale and complex reviews and remediation services required, we will partner with you providing full transparency through-out the process while adapting to changes in the compliance environment be it ad-hoc requests or procedural developments.
Temporary staffing and interim responsibilities to sustain, develop and manage your compliance requirements are what we are here for. You are our client and with your responsibility comes our desire and dedication to help as best we can as FCC professionals.