It is mandatory today for every financial institution in the world to audit, evaluate, investigate and report transactions of a dubious nature to the financial intelligence unit of the central bank in their country. Organisations which do not comply, face risks such as criminal, civil and monetary penalties. Also if they are exposed to be laundering funds it would tantamount to unfavorable public and market reaction.

Several policies and legislations for anti money laundering were formulated by the US and International agencies, and financial institutions have been urged to apply and maintain these in order to thwart money laundering. Most members of the financial society are now legally responsible for implementing and maintaining an efficient anti money laundering compliance program as an upshot of these policies and guidelines.

The regulatory environment is ever-changing and it is vital for all businesses to keep pace with these changing policies. Organizations need to be adaptable as well as alert to these changes. However it is a very complex task and would require highly skilled resources to take care of such compliance matters. This would be digressing from the core business. Sypher assists you in understanding your AML compliance requirements so that you have time to think about more important business issues.

Sypher Solutions keeping in mind your regulatory environment, aims at helping you either to implement the most competent AML compliance program or to provide you with a speedy risk lowering program.

We believe that every organization is unique in its own way and operates differently and therefore their needs tend to differ. Every organization has different AML requirements, owing to how arduous these compliances are and the way they are implemented by regulators across. We at Sypher strive to identify these differences and evaluate your requirements to devise a customized Anti Money Laundering program which suits your needs. Our experts will do a deep dive study to understand your products and services, risk profile, client base, demographic and geographic aspects so as to provide a tailor made AML program for you.

Sypher’s experts will provide you with cost-effective solutions which are designed for your business conditions and organization structure. We will design a compliance solution with the optimum utilization of your AML resources. Our solutions help financial institutions to measure sensitiveness of key parameters to environmental change.

We offer the following services: