Anti-money-laundering (AML) policies and procedures exist to help financial institutions combat money laundering by stopping criminals from engaging in transactions to disguise the origins of funds connected to illegal activity. This
process is not supposed to be static but dynamic ensuring the system can continue to ensure compliance on every transaction both for existing or new customers of the bank.
Many countries as well as economic and political partnerships, are enacting, and continue to update, laws and regulations to combat money laundering and counter-terrorism financing (CTF). We recently engaged the Central Bank of Liberia on approval to engage this solution in Liberia for her financial institutions and we are pleased to have their endorsement to do so. (Kindly see attached).
Our core objective is to help financial institutions comply with the AML Policies of the Liberian government and ensure compliance across relevant regulations across the globe. In addition to helping financial institutions comply with AML and Counter Terrorism Financing laws and regulations, we help organizations set the tone from the top and reinforce a culture of compliance. Together as one, we strive to create industry-leading solutions that deliver an enriched quality in investments. Our partnership seeks to ensure we keep the bank compliant, sane and safe for doing business which is a major prerequisite for foreign direct investments (FDIs) in any country and prevent unnecessary and unwarranted sanctions from local or international communities.
Highlighted below are some of our value proposition:
i. To curb criminality in general by making it difficult for criminals to reap the proceeds of their crimes.
ii. To protect the rights that are violated by crimes by aiding the seizure of illegally obtained funds.
iii. To protect the integrity of the financial system more broadly. Terrorist financing (TF) is outlawed to deny terrorists access to funds and thus reduce the risk of attacks.
iv. To reduce cost of compliance and process automation.
v. Safe and Secure environment to operate and conduct businesses.
vi. Reputational and Job protection.
Our platform is built to world-class standard and with security, transparency and ease of use as its hallmark.
Get in step with your
At DEXPLOIC, we know that our partners in all areas of the Financial Services sector need simple, secure, and cost-effective Information and Communications Technology (ICT) solutions. You must have infallible failsafe processes that ensure you are online, locally and globally, 24 hours a day, 7 days a week. At the same time, you need to give your digitally–enabled 21st-century customers what they want: a wide range of services that are more than just banking and credit, and the flexibility to transact as fast as possible, anywhere, anytime.
Your road to Digital Transformation calls for a partner like DEXPLOIC. We can work with you to seamlessly integrate your legacy systems, using customised platforms and processes that will futureproof your business and give your customers exactly what they are demanding.
We know your CHALLENGES
We know all about the challenges our partners in the Financial Services sector face – but we prefer to think of them as opportunities. There are virtual Fintech players, telecommunications companies, and even mega-corporations like Google and Facebook, offering low-cost always-on banking that’s available anywhere, and on multiple devices. They’re using technologies such as artificial intelligence (AI), cloud and blockchain to put pressure on your profitability and returns. These disruptors not only compete for your customers, they leverage data to get to know their customers intimately. In this era of the connected customer, you need to be able to compete with industry disruptors, and DEXPLOIC has the expertise to advise you on the best way to achieve this.