Each financial intermediary must set his own internal directive preventing Money Laundering. These internal directives must comply with OAR regulations or CDB 08 or MLO SFBC.

VisionCompliance drafts directives for its clients taking care of the specific needs of the bank, in order to ensure full adherence to the type of services the financial intermediary offer (type of clients, place of residence, type of services or products, no contact or less regular contacts with clients, importance of deposited assets, etc.)

These directives include :

set of account opening documents

internal AML regulations

risk parameters (business relationships and transactions)

additional clarifications

client's visit reports

closing procedure of business relationships.

Based on a check list that VisionCompliance has developed a chart to evaluate his client's needs and make possible to produce documents aimed to comply wih risk based approach.

To know more