AML Compliance Culture, AMP API & Solution

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(No Transcript)
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Did you know that the anti-money laundering
software market is projected to reach 1.77
billion by 2023?
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Every year Money Laundering costs the world 2 to
5 of its GDP
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Index

• What Exactly Is AML Compliance Culture?
• Why is AML Compliance Culture Essential?
• 4 Ways to Create A Strong AML and Regulatory
  Compliance Culture
• Bottom Line
• About Signzy

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What Exactly Is AML Compliance Culture?

• The growing number of business scandals involving
  sanctions violations, financial misconduct,
  bribery, and corruption underscores the need for
  healthy company culture.
• A good AML culture has strong support from the
  top for both ML/TF risk management.
• By implementing integrated controls

Anti-money laundering (AML) Counter-financing
terrorism (CFT)
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Why is AML Compliance Culture Essential?

• Several regulators who seek to underline the
  significance of a favorable AML culture
• The Advisory to Financial Companies/Institutions
  on Promoting an AML Culture, published by FinCEN,
  emphasizes the importance of an organizations
  culture to compliance.
• Financial crime is unacceptable, AML resources
  are insufficient, and top management has little
  awareness, according to Financial Conduct
  Authority (FCA) reviews conducted in the UK.
• According to AUSTRAC in Australia, compliance
  mechanisms alone are insufficient to produce good
  outcomes without a strong compliance culture.
  Still, the presence of a compliance culture can
  lower regulatory risk.

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4 Ways to Create A Strong AML and Regulatory
Compliance Culture

• Re-examination of Corporate Governance
• Organizational Structure
• Identifying and Understanding Risk
• Training

Read them in detail AML Compliance
Implementation
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Bottom Line

• Developing an AML Compliance Culture starts with
  adopting newer modes of AML and KYC. For this,
  you will need a reliable fintech resources
  provider. At Signzy, we provide state-of-the-art
  quality API products that are AI-driven without
  needing a single line of code.

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About Signzy

• Signzy is a market-leading platform redefining
  the speed, accuracy, and experience of how
  financial institutions are onboarding customers
  and businesses using the digital medium.
• Signzys marketplace of 240 bespoke APIs that
  can be easily added to any workflow with simple
  widgets.
• Signzy is enabling ten million end customer and
  business onboarding every month at a success rate
  of 99 while reducing the speed to market from 6
  months to 3-4 weeks.
• The companys product team is based out of
  Bengaluru and has a strong presence in Mumbai,
  New York, and Dubai.