AML COMPLiance solution

Challenge

Money laundering is a growing worldwide problem. Financial institutions and listed businesses are challenged by a wide range of reputational, legal, business, and financial risks over the possibility of being used by money launders and terrorists to conceal the source of illicit proceeds. Don’t gamble with your compliance! As a senior manager, business owner, or director, you are ultimately responsible for the AML/CFT efforts of your business. Failure to ensure that your business complies with the local AML/CFT legal framework can lead to harsh penalties and fines.

What's the Solution?

We help financial institutions and supervised entities regulated by Financial Intelligence Unit, Central Bank, and Security Exchange Commission to understand and manage their AML/CFT risks, develop comprehensive compliance programmes in accordance with their risk appetite and better detect and report instances of money laundering and terrorist financing. Our AML compliance solution includes:

1
Risk Assessments

We conduct an AML/CFT risk assessment to determine your vulnerability to money laundering and terrorist financing as well as the overall risk appetite of your business.

2
Compliance Program

We assist businesses to create a new or enhance your existing compliance framework of policies, procedures and controls to help you better manage and mitigate your AML/CFT risks.

3
Compliance Consultancy

We provide support and guidance to your Compliance Officer to implement and operationalise your compliance programme to ensure your business meets all the requirements of the local AML/CFT legal framework.

4
AML Staff Training

We provide a full range of practical and hands-on AML/CFT training for staff, senior management, compliance officers and directors/owners.

5
External AML Audits

We conduct an annual, external independent review of the efficiency and adequacy of your AML compliance program for submission to your regulators.

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Benefits of Outsourcing Compliance

Our major objective is to assist your Compliance Officer in the fulfilment of his AML/CFT duties under local AML/CFT laws. Our AML compliance solutions provides the following benefits:

Strong AML Knowledge

Strong AML Knowledge

Our team consists of retired bankers, accountants, and lawyers who are Certified Anti-Money Laundering Specialists (CAMS) with a comprehensive knowledge of the local AML/CFT legal framework.

Reduce Compliance Risk

We reduce your overall risk of non-compliance with local AML/CFT laws through the application of comprehensive risk assessment to identify your AML vulnerabilities.

Reduce Compliance Risk
AML Audit Technology

AML Audit Technology

Our compliance efforts are guided by world-class leading AML Technology to streamline your anti-money laundering efforts.

Client Testimonials

Atlantic Tours and Travel Limited

The team at FirstLink has always supported us from inception with our initial company registration providing practical and knowledgeable advice to guide us during the startup process. Fast forward to present – They provide us with both accounting and business advisory services. We feel comfortable and at peace knowing that we can call on Richard and his team at any time day or night to deal with any complex accounting, legal, human resource or business challenge that we’re going through.”

MARIA SEEGOBIN
DIRECTOR, COMMERCIAL - ATLANTIC TOURS & TRAVEL LIMITED

For us, what distinguishes FirstLink from the many accountants we’ve dealt with in the past is their adoption of modern technology to reduce the tedious and administrative processes and their focus on providing clients with not only accounting services but value added advisory and consulting services. As business owners, we’re not necessarily savvy in finance or legal, however, we can always depend on FirstLink for any issue we are facing. We feel like the relationship with FirstLink is more partners for life as oppose to just a client – accountant relationship.

TAREL LAUGHLIN
MANAGING DIRECTOR - SALTWATER STUDIOS LIMITED
HERO TRINIDAD

The team at FirstLink introduced our business to Xero accounting. It has given us a lot more control over our financial information and for non-accountants; it is extremely easy to use. The Xero Mobile App easily allows us to send invoices to our customers on the go and tracks when the invoices have been viewed by them. I would definitely recommend Xero and FirstLink to anyone looking to implement cloud software to gain real time financial information to improve their business.

DAMION RICHARDS
CHIEF OPERATIONS OFFICER - HERO TRINIDAD
Playa Del Este Limited

Running a business can be a nightmare. Whatever can go wrong will go wrong. However, Richard, Aaron and the team at FirstLink have always been and continue to stay right by my side to provide their professional guidance and advice for every obstacle that we’re faced with. It’s a comprehensive service which is both personal and supportive of my business requirements whether its accounting, tax, human resource or industrial relations disputes.

SU-LAN HEADLEY
MANAGING DIRECTOR - PLAYA DEL ESTE LIMITED
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