Financial institutions are obliged to comply with Anti-Money Laundering and Countering of the Financing of Terrorism Regulations. Compliance tends to be multi-faceted: institutions must record their policies and procedures with respect to AML/FS, they must illustrate a history of enforcement of these policies and procedures and they must illustrate action with respect to suspicious transactions. Failure to do so can result in enforcement action by the relevant authorities.
Corribpoint’s Akula product is a cloud-based solution that provides financial institutions with an integrated solution which addresses all of their AML/FS compliance requirements in an efficient and cost effective manner.
Request a demo today to see how Akula can help your Credit Union meet its AML obligations.Request a Demo