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Subscribe to the Atbilst platform for one year for only 360 EUR and receive a package of standard Internal Control System’s documents for free

Comprehensive internal control system

Our platform is being constantly improved and developed. Currently it provides not only a possibility to perform due diligence of a client, using questionnaires and interviews, but is also implementing other compliance risk management processes. Our experts and partners are ready to help you improve your internal control system and consult you on implementation of the functions it should have in order to ensure risk-based approach in your company’s operation. If you want to outsource compliance function to the outsourced professionals, keeping your access to the unified system to control the process, contact Atbilst team for an individual price quote.
Sample of Internal Control System

We offer:

NILLTPF un sankciju risku vadība

Checking the client and their business partner for matches in sanctions lists at any stage of business relationships.

• Compliance of the subject of the law with the established definition of such according to the AML/CTPF law.
• Assessment of risks of the subject of AML/CTPF Law and Sanctions Law.
• Development, implementation and maintenance of internal control system.


Client’s and their business partner’s risk assessment

Due diligence of the client and their business partner before commencement of business relationship and at any further stage.


Assessment of transactions

• Transaction monitoring for the particular period of time, including identification of economic essence of the transaction.
• Detecting and investigating suspicious transactions.


Training

• Developing training materials related to prevention of possible violations in the field of ML/TPF and sanctions.
• Carrying out the training sessions.


Assessment of information of various kinds of availability and content

• Assessment of negative information (adverse media) related to possible crimes in the field of ML/TPF
• Assessment of other types of information that can cause financial or reputation risk.


Other services

• Internal control system’s quality assurance.
• Enhanced due diligence of various factors increasing ML/TPF and sanctions risks, as well as drafting the assessment reports.
• Advisory related to compliance with AML/CTPF and sanctions regulations.
• Support and/or representing the client during the independent AML/CTPF reviews carried out by the competent supervising institutions.


Rates and charges

Developed within 10 working days, taking into account the business activity and its specifics. Documents included:

Policy, rules, criteria rules:

  • AML/CTPF and sanctions risk management policy
  • Customer’s Due Diligence and transaction monitoring rules
  • Customer’s and person’s identification and customer’s file creation rules
  • Customer’s risk assessment criteria rules
  • Suspicious transaction (STR) detection and reporting rules
  • Rules for the evaluation of the AML/CTPF responsible employee
  • Sanctions rules

Assessment:

  • Risk assessment of the services being rendered
  • AML/CTPF risk assessment 
  • Evaluation of the AML/CTPF responsible employee

Forms:

  • Questionnaires (natural persons/legal entities)
  • Customer’s Due Diligence during the business relationship
  • Customer’s Due Diligence result
  • UBO application form

Enterprise risk assessment + AML/CTPF Internal Controls

Due Diligence of natural persons and legal entities:

  • Filling out the questionaires, document analysis and verification.
  • Data and infromation checking in registers and paid databases
  • Screening against sanctions lists, adverse media
  • Risk assessment

Customer’s Due Diligence

The following documents are included:

  • Sanctions risk management policy
  • Sanctions risk assessment
  • Forms (customer’s/business partners’ questionnaires, customer’s/business partners’ Due Diligence forms in LV, ENG, RU)

Sanctions risk management Internal Controls

An evaluation system that can be added to the client's pre-developed ICS.

  • ML/TPF risk level assessment criteria table of the enterprise and its customers  
  • Customer’s Due Diligence form
  • Country sanctions risk classifier

Assessment of ML/TPF and sanctions risk

  • Questionnaires for a legal entity/ for a natural person (LV, EN, RU)
  • Customer’s/ business partner’s Due Diligence form
  • Customer’s Due Diligence during the business relationship
  • STR reporting form

Questionnaires, forms

Annual employee training in AML/CTPF and sanctions

  • Preparation of training material
  • Conducting training sessions

Training

Assessment of the Internal Controls compliance with the legal framework requirements of AML/CTPF and sanctions


Assessment of the existing ICS and determination of its compliance with the existing regulatory requirements

  • Transaction monitoring
  • STR investigation

Assessment of individual transactions

  • Adverse media analysis
  • Assessment of potential reputational risks

Adverse media analysis, reputational risks

The customer’s/business partner’s Due Diligence at any stage of the business relationship


Sankciju, PNP skrīnings


Enhanced Due Diligence (EDD) of various factors increasing ML/TPF and sanctions risk


Advice on compliance with AML/TPF and Sanctions Law requirements

Evaluation of the AML/CTPF responsible employee, Assessment of ML/TPF and sanctions risks, Internal Controls, Customer Due Diligence, Training, Consultations


Full Cycle Internal Controls


Support during the competent supervisory authorities inspection

Services

Elina Nebritova

Being a Certified Anti-Money Laundering Specialist (CAMS) and member of ACAMS, Elīna has more than 15 years of work experience in banking and finance, where she has accumulated extensive knowledge about compliance with anti-money laundering regulations, as well as has gained experience in implementation of internal control system and transaction monitoring. Elīna has been participating in various local and international projects related to prevention and management of ML/TPF risk, including management of sanctions risks. She has been managing and participating in various projects related to development, assessment and improvement of internal control systems.
SIA "Regulatīvās Tehnoloģijas"
Reg. No. 40203311340,
VAT payer’s No. LV40203311340
Elizabetes iela 14-3, Rīga,
LV 1010.

Office
Elizabetes iela 23, Rīga,
LV-1010.
(+371) 6000 7770help@atbilst.lv
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