One Managed Service Covering Your Full Compliance Lifecycle
An outsourced compliance arrangement should feel like having an internal team, not a vendor relationship you have to manage yourself.
What's Included
Our outsourced aml function combines AML risk assessment, transaction monitoring, MLRO provision and independent audit into a single managed engagement.
Who This Suits
This aml outsourcing model suits growing DNFBPs, fintech startups and small-to-mid-sized regulated firms that need genuine coverage across the full compliance lifecycle.
How It Scales
As your business grows, your compliance managed service scope grows with it, without needing to renegotiate a new engagement from scratch
- ✓ AML risk assessment included
- ✓ Transaction monitoring included
- ✓ MLRO provision included
- ✓ Independent audit included
- ✓ Single accountable team for the full compliance lifecycle
Coordinated Compliance, Not Stitched-Together Vendors
Our outsourced aml function keeps risk assessment, monitoring, MLRO and audit under one accountable team, so nothing falls through the cracks between vendors.
When an Outsourced AML Function Makes Sense
An outsourced aml function is not the right fit for every business. Here is how to know if it is right for yours.
If you already know you need risk assessment, monitoring, MLRO provision and audit together, an outsourced aml function is typically more coordinated and cost-effective than buying each as a standalone service from different vendors.
A virtual compliance officer focuses on ongoing oversight and escalation, an outsourced aml function is the fuller managed service that includes the underlying risk assessment, monitoring and audit work itself.
Businesses seeking or holding SCA approval for financial activities need mlro provision matched to securities-specific risk factors.
3 Common Mistakes When Outsourcing the AML Function
These are the mistakes we see when businesses move to an outsourced compliance model.
Outsourcing individual services
- Outsourcing individual services to different vendors instead of one coordinated aml outsourcing partner, resulting in disconnected deliverables.
Not clearly defining escalation authority
- Not clearly defining escalation authority within the outsourced compliance managed service agreement.
Assuming outsourcing removes all internal responsibility
- Assuming outsourcing removes all internal responsibility, when senior management retains ultimate accountability regardless.
How We Provide Your MLRO
Scope Assessment
We assess which components of the outsourced aml function you actually need.
Framework Build
We build or take over your risk assessment, MLRO and monitoring functions.
Ongoing Management
We manage your compliance program as an integrated, ongoing service.
Periodic Review
We review and adjust scope as your business grows.
