Compliance
Integra is an independent Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) compliance service provider, dedicated to improving the compliance of businesses in Aruba, neighboring Caribbean islands, and beyond.
We have developed a range of compliance services to help our clients navigate the ever-evolving AML/CFT requirements, and at times even anticipate the changes to come.
With our experience and expertise, we help our clients with AML compliance matters to help them achieve a higher level of AML compliance. We are dedicated to make your AML compliance journey seamless, effective, and efficient, so you can focus on your running your business.
As with all things AML, one size does not always fit all! If you are a start-up or an existing company, we recommend you reach out to us and have a chat, as we can tailor services to meet your specific needs.
Our Services
Businesses subject to AML regulations are required to adhere to numerous compliance obligations. Generally, managing AML compliance matters parallel to the regular tasks becomes difficult, leading to delays in fulfilling the compliance requirement or sometimes even non-compliance.
We therefor recommend, especially for smaller businesses, having a separate team to look after these regulatory requirements and ensure timely correspondence with the authorities.
AML Compliance as a service function provides your business with services to perform tasks on your behalf.
With the support from Integra, expect an efficient approach and implementation. Our experts take everything off your hands and take the initiative in all areas to comply with the AML requirements.
Contact us today, to find out all the compliance services we can offer your business!
We recognize the importance of AML education as a pillar of effective compliance. That’s why we have developed a suite of cutting-edge AML education services.
Our fully accredited AML courses targeted at regulated sectors will give you the knowledge and understanding that is needed to stay in compliance.
Our courses range from topic specific to full AML/KYC online training, each course is self-paced and upon completion the participants receive a digital certificate. These courses will give you the knowledge and understanding that is needed to push you to the next level.
Click here for our courses: AML/KYC Online Courses
We also provide in-person AML Compliance training. Group rates are available for corporate participants. Contact us to find out more.
Who can benefit from our courses:
- Professionals in regulated industries
- Business Owners
- Reporting Officers
- Board members
- Partners
Contact us if you do not see what you are looking for on our website, we can work with you to customize your training which will cater to your AML needs.
Need more information? Simply contact us and a member of the team will be happy to assist!
As well as providing online courses and in-person trainings, we also provide a wide range on AML tutorial videos. Staying updated with the latest regulations and practices is essential for professionals in the field. To make this process easier, Integra, a trusted provider of AML solutions, offers a unique product called AML tutorials as a service. These tutorials, averaging 8 minutes in length, bring complex AML topics to life, making it effortless for AML professionals to learn or retain knowledge.
Some of the videos we provide are:
- The difference between Tax avoidance and Tax evasion?
- What are Red Flags?
- What is Customer Due Diligence?
- What is a PEP?
- What is Transaction Monitoring?
Visit our AML Tutorial page for more information or simply contact us and a member of the team will be happy to assist!
Through our partnership since 2022 with Shufti Pro, an industry-leading identity verification solution, Knowing Your Customers (KYC) has never been so easy, secure, fast and compliant.
Screen your customers (individuals and/or companies) against global sanction lists, PEP lists, 1,700+ criminal watchlists and adverse media databases, expanding services to 230+ countries and territories. Our solutions help businesses to prevent fraud and illicit crimes that can ruin the integrity and brand reputation of your business.
Information needed for AML screening are:
- Individuals: complete legal name and date of birth.
- Companies: complete legal name, country, and incorporation date.
Contact us today about our AML screening services that provide you with a cost-effective and contactless way to identify and verify your customers.
Additional services:
Besides screening we are also able to provide the following solutions through our partnership with Shufti Pro:
- AML Screening & ongoing due diligence
- Address verification
- Face verification
- Document verification
- Address verification
- Video KYC
- Know Your Business (KYB) – Corporate verification
- Facial Biometric Authentication
- Enhanced Due Diligence (EDD)
- Transaction monitoring and OCR solutions.
Should you wish to obtain the software for your company, please let us know, we are also an approved reseller for Shufti Pro.
All businesses under the scope of AML regulations must protect their businesses against financial crimes. The best tool for it is to conduct regular Business Risk Assessments (BRA). Risk assessment helps you identify ML threats your business is vulnerable to, the likelihood of its occurrence, and its impact on your company if the risk materializes.
BRA considers the absolute risk that your business may face considering the factors such as customers, transactions, products or services, geography, delivery channels, etc. Only after identifying risks and their impact can you develop and implement mitigation plans to manage these risks.
BRA is the first step in following the Risk-Based approach to tackle ML/FT crimes. This exercise considers the company’s information (qualitative and quantitative), along with the reports of the National Risk Assessment (NRA) and the latest market trends.
This assessment would help the business develop all-inclusive and relevant AML/CFT policies, procedures, and controls to fight against financial crimes.
Integra can assist you with building your own BRA and keeping it up to date.
We, Integra, support our clients by managing their customer onboarding and taking care of KYC and customer due diligence measures. This will ensure that the customer onboarding process is quick and easy while remaining fully compliant with AML requirements in an affordable manner.
Many businesses, especially start-up companies, face hardships in hiring skilled and proficient AML personnel to perform the KYC and CDD processes for each customer. The flaws in the initial customer onboarding process adversely impact the complete AML compliance program.
We offer expert services in managing your customer onboarding process by performing the relevant AML compliances with complete KYC details and adequate CDD measures. By this, we make your customer onboarding process smooth and efficient without you being concerned about transacting with an incorrect customer or worrying about compliance with AML obligations.
Placing AML KYC and CDD exercises in our hands allows you to focus on your core business operations.
Our highly skilled and experienced auditors can help you conduct an AML audit by reviewing in detail your company’s compliance. This will include reviewing policy documents, files, systems and interviewing relevant stakeholders.
On completion of the audit, you will receive a detailed report of our findings and observations along with practical advice to help address any weaknesses in your controls. This will give you the peace of mind with knowing you are fully on top of your business’s financial crime risk.
Our AML Advisory services will cover anything of the above services, either in a full package, or as stand-alone services, or simply as a review or health check of your current AML compliance situation. The Integra team understands and keeps up to date with all the latest information on anything AML issued by the regulators and will be able to work hand in hand with you to ensure you and your business are fully compliant.
Our team can review and update, if necessary, any of your manuals, risk assessments, test sample clients’ files, check onboarding documents and KYC documents and more….
Integra AML Helpdesk provides ongoing advisory services on demand.
As we know AML situations can arise unexpectedly or you wish to outsource compliance process or project, that is where our AML Helpdesk is able to help. You can access a dedicated specialist who will help you navigate the regulatory requirements for a specific project or on ongoing basis.
Services are some of the following: identity verification protocols, enhanced customer due diligence (EDD), guidance on record-keeping and FIU/MOT reporting.
This way, you can focus on your core business, with a peace of mind that your AML/CTF compliance is in good hands.
