- COnsulting company
VESCON
“Money laundering is a very sophisticated crime and we must be equally sophisticated.” Janet Reno
ABOUT US
Our Consulting company is here to help you understand and better implement new legal solutions in the field of prevention of money laundering and terrorist financinto develop and improve your own control systems, and to monitor more easily all the risks regarding your business.
Our goals:
- to complete your business with the regulations that exist in this area in the fastest and easiest way (AML compliance)
- detection of suspicious transactions on time
- identification of your clients (KYC, CDD&EDD)
- prevention and combat of financial fraud and terrorism (CFT compliance)
WHAT IS "ML"?
Money Laundering is the activity of concealing or disguising the identity of illegally obtained proceeds and processing of criminal proceeds to disguise the criminal origin.
There are three stages of Money laundering:
placement (initial entry of the dirty money into the legitimate financial system
layering (disguising and concealing the money’s criminal origin
integration (using the “clean” money for the criminals’ benefit and making money seems fully integrated into the financial system)
There are six EU Money Laundering Directives representing the cornerstones of the European legal framework on anti-money laundering (AML) and counter-terrorist financing (CFT) that need to be followed.
VESCON SERVICES
Money laundering and terrorism financing risk analysis
Our AML solutions are designed to help minimize the risks associated with money laundering and other illicit activities and to ensure compliance through the development and management of ongoing compliance programs and processes.
Transaction analysis- risk assessment and monitoring
We offer a broad spectrum of risk-based screening, monitoring, and due diligence solutions that suit your AML compliance need as well as consulting regarding complex, unusual or/and suspicious transactions.
Evaluation of security and fraud protocols
We ground our risk-related consulting in proprietary behavioral risk mitigation techniques that emphasize prediction and analysis of expected behaviors.
Analysis, identification and verification of client identities
AML regulations compliance requires taking a risk-based approach towards assessing the risks from doing business with customers and third parties.
AML Due Diligence
AML Due Diligence Preparing AML documentation is only the first stage of compliance. These documents must contain the policies, procedures you will need for achieving compliance across your business operations. We can help you understand your obligations under the EU Money Laundering Directives.
Training for Compliance Officers and Staff
We provide a suite of AML/CFT compliance training to get the best results for your staff.