Transactional Red Flags
Some of the most common red flags are;
Many payments in small amounts to avoid attracting attention
High-value cryptocurrency transactions in only a short time period. Or staggered and regular patterns with no further transactions for a sustained period.
Instantly transferring virtual funds out of highly controlled areas and into low-regulated dominions
Immediately withdrawing virtual funds without any in-between transactions.
Depositing previously identified stolen funds into crypto wallets.
See our further Red Flags for Crypto later.
Our Additional Services
We are qualified compliance specialists capable of handling you application from start to finish. Our fixed price quote includes all policies and an annual compliance monitoring plan as required by the regulator. All forms will be completed on your behalf (excluding electronic signatures etc.) unless you have already done so.
Plus we will answer any questions before submission and throughout the approval process. All regulator questions and requests for explanations throughout the approval process.
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Sometimes company’s budgets are limited, or they only require a MLRO or Compliance Manager for a fraction of a week. These experienced and qualified individuals can help implement a compliance and/or AML framework and advise you on the relevant risks. We provide staff to function as interim managers for a minimum of 2 days per month
Looking for a KYC/AML software solution?
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