AML incidents rarely occur in Board Rooms, they happen in the field. Investing in Compliance Operations – a ‘First Line of Defence’ responsibility – is therefore sound risk management.
A Learning Management Solution (LMS) is a sensible investment for organisations who take their staff learning seriously. The system’s ability to host e-learning programmes, efficiently register, collect and store learning data, launch learning needs questionnaires and produce comprehensive learning gap-analyses means you are in charge of the programme, and not the other way around. An LMS can be used to manage the entire professional learning plan for your staff, making it a very useful component of your overall strategic HR program.
Regulatory compliance training obligations alone are a powerful incentive to consider investing in a Learning Management Solution, or LMS, due to the system’s ability to efficiently collect learning data and produce comprehensive reporting. But aside from this pressing regulatory need the LMS will also allow you to manage your entire professional learning plan for your staff, making it an important component of your overall strategic HR program as well.
If in-house experience with a LMS is limited and your (IT) resources are stretched you can rely on i-KYC’s expertise to manage your LMS for you. The platform is an innovative pay-as-you-go service plan catered especially to the needs of smaller to medium-sized organizations. This plan minimizes upfront investment and provides you with maximum flexibility to manage your learning program professionally.
Download the LMS brochure : I-KYC LMS _IBIS Management
Download the Awareness training brochure: i-KYC Awareness Training
Today’s financial services organizations are struggling to comply with regulations including Customer Due Diligence, Know Your Customer (KYC) and Anti-Money Laundering (AML). We can help you face these challenges head on. Do not fall victim, mitigate your risk with smart banking solutions and services from IBIS Management.
Interface/Integrate Alchemy PPS with your AML /Monitoring & Profiling solution
Based on repeated requests from our clients, IBIS Management has developed a direct interface with two of our clients AML/ Monitoring & Profiling solutions. With our interface, clients are able to match transaction history to client behavior. This will allow Banks to have a better understanding of their customer behavior and remain compliant within the financial regulatory world. At the moment we have such interfaces developed for Yellow Hammer BSA & GIFTS, however if you have another solution we could assess the possibility to interface with that one as well.
Compliance Screening Solution
With the recent pressures from regulators and correspondent banks to ensure automated real-time compliance, there has been an increased need to heighten compliance within Caribbean and Latin American banks. One of the methods to ensure banks adhere to these efforts, is by screening customers against the various sanction’s lists. Our screening solution provides the power and the configurability to enable an organization to screen single items (new customers during the on-boarding process) and batch files (existing customers databases) against the sanction lists.
The solution provides full overnight database screening, screening for new customers at the customer desk, further screening if the on-boarded customer is a “suspect,” and an approval or decline process that is configurable to the bank’s business rules.
United Nations Security Council & Australian DFAT Sanction List
As part of IBIS Management’s continues strive for improvement of our payment processing solutions – in
order to meet regulatory compliance requirements set forth by the international community – (i.e.: Correspondent Banks, Central Banks, Regulatory bodies and more), we have proceeded to develop and add new enhancements to our compliance filtering program within Alchemy PPS. Our development & implementation team has proceeded to develop the import for the “United Nations Security Council Sanction List” and “Australian DFAT Sanction List” to our compliance filtering program, which are two of the latest most frequently asked for sanction lists within the Financial Community.
Financial institutions are required by their regulatory authorities to provide all employees with an annual anti-money laundering training. Regular AML/CFT Risk Awareness training enhances employees’ vigilance against the latest ML/TF risks faced by the business and their role in mitigating this risk.The i-KYC platform is a complete training package at your fingertips. Using the highly regarded i-KYC Annual AML/CFT Risk Awareness e-learning will help your financial institution effectively train and test staff on their correct understanding of the latest AML/CFT risks and trends.