Chief Anti-Money Laundering Officers (CAMLOs) at small and medium sized Reporting Entities typically wear many hats, with responsibilities for privacy, finance, fraud, asset and liability management, human resources, and sometimes operations. Let us support you with outsourced AML compliance – and help you benefit from the risk mitigation and cost savings provided by dedicated industry experts and continuous monitoring. Regulators don’t work part-time on AML compliance, neither should you.
What is outsourced AML compliance?
vCAMLO is applying for the role of virtual Chief Anti-Money Laundering Officer at your Reporting entity. vCAMLO performs a suite of services to manage your AML compliance regime (keeping your risk-based compliance regime complete and up-to-date), and remotely performs day-to-day compliance responsibilities (such as transaction and watch list monitoring, reporting, enhanced client due diligence, and compliance self-assessments).
Outsourced AML compliance is provided through Williams McGuire’s alliance with vCAMLO. vCAMLO is the solution for outsourcing anti-money laundering and economic sanctions compliance in Canada. Our veteran virtual Chief Anti-Money Laundering Officers design, implement and oversee defensible risk-based compliance regimes and manage day-to-day compliance responsibilities for Reporting Entities across Canada – for significantly less than the cost of a full time employee. Through pilot studies, vCAMLO has empirically demonstrated the programs ability to reduce of compliance and reputation risk, money laundering risk, and compliance cost to credit unions using the Verafin risk monitoring application.
vCAMLO is designed for compliance with OSFI’s Guideline B-10 (revised March 2009): Outsourcing of Business Activities, Functions and Processes.
Chief Anti-Money Laundering Officers (CAMLOs) at small and medium sized Reporting Entities typically wear many hats, with responsibilities for privacy, finance, fraud, asset and liability management, human resources, and sometimes operations. Let us support you with outsourced AML compliance – and help you benefit from the risk mitigation and cost savings provided by dedicated industry experts and continuous monitoring. Regulators don’t work part-time on AML compliance, neither should you.
What is outsourced AML compliance?
vCAMLO is applying for the role of virtual Chief Anti-Money Laundering Officer at your Reporting entity. vCAMLO performs a suite of services to manage your AML compliance regime (keeping your risk-based compliance regime complete and up-to-date), and remotely performs day-to-day compliance responsibilities (such as transaction and watch list monitoring, reporting, enhanced client due diligence, and compliance self-assessments).
Outsourced AML compliance is provided through Williams McGuire’s alliance with vCAMLO. vCAMLO is the solution for outsourcing anti-money laundering and economic sanctions compliance in Canada. Our veteran virtual Chief Anti-Money Laundering Officers design, implement and oversee defensible risk-based compliance regimes and manage day-to-day compliance responsibilities for Reporting Entities across Canada – for significantly less than the cost of a full time employee. Through pilot studies, vCAMLO has empirically demonstrated the programs ability to reduce of compliance and reputation risk, money laundering risk, and compliance cost to credit unions using the Verafin risk monitoring application.
vCAMLO is designed for compliance with OSFI’s Guideline B-10 (revised March 2009): Outsourcing of Business Activities, Functions and Processes.
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