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Corporate Services, since 1998

AML Compliance Solutions

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Build a Local AML Team – our candidates, your decision

We specialize in providing financial institutions with accredited and regulator-accepted Money Laundering Reporting Officer (MLRO), Compliance Officer (CO) and/or Data Protection Officer (DPO) specialists, with an official employment contract. We can also manage the administrative infrastructure, including but not limited to local office and employees day-to-day management. More than 50 regulated companies in Lithuania, Estonia and Poland trust our solutions.

Our AML compliance solutions, used by industry leading companies, enable to reap the benefits of certified professionals and regulatory compliance through flexible service plans. Outsourcing compliance personnel roles often makes business sense as it saves time (no HR issues), provides value (synergized approach) and helps to mitigate expenses related risks (quick substitutes and relationship exit). In addition, we can supply AML compliance teams to manage back-office functions and provide AML training, but we do not provide software infrastructure (KYC/KYT) solutions.

Our tailored packages are particularly valuable for EMIs, CASPs and other regulated fintech businesses as we can establish local management and compliance teams to meet regulatory requirements in any stage of the business – most of our candidates have at least five years industry experience, higher education and in some cases also ex-regulator background.

Quick summary

We provide both direct employment from candidate pool as well as outsourcing solutions in Lithuania, Estonia and Poland

MLRO, CO and DPO roles are most widely sourced with our support for EMIs and CASPs

We support 4 of the TOP20 crypto exchanges in the world, among 50+ other regulated companies

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AML Compliance Team Roles and Responsibilities

Maintaining in-house programs for AML, general compliance, and data protection can be complex and costly. Financial institutions often face challenges such as sourcing qualified personnel, staying updated with evolving regulations and managing compliance costs. We can provide cost-effective solutions, access to specialized expertise, flexibility, and the ability to focus on core business activities.

Depending on the specific case and target objective(s), we can support with sourcing AML team candidates and presenting them for interviews for the company management of the financial institution, or in same cases (upon regulatory applicability) also provide outsourced solutions from our own team (e.g. DPO role can be outsourced in most jurisdictions). Further, upon building the team we can also support with setting up a physical office and managing the team day-to-day whilst providing training, a desirable working environment and reports to the management. The main areas of responsibility for the core compliance team roles are as follows:

MLRO

A Money Laundering Reporting Officer (MLRO) is responsible for overseeing AML compliance. The MLRO ensures that the company adheres to regulatory requirements and reports any suspicious activities.

Key Functions:
Specialized role focused on preventing money laundering and financial crimes.

Scope of Responsibility:
Focuses specifically on AML compliance, monitoring financial transactions for suspicious activity, and ensuring adherence to AML regulations.

Primary Duties:
Develops and implements AML policies, conducts risk assessments, monitors transactions, reports suspicious activities to authorities, and ensures ongoing staff training on AML regulations.

CCO

A Chief Compliance Officer (CCO) is responsible for ensuring that a company complies with external regulations and internal policies. This role encompasses a broad range of compliance areas, including AML, data protection, consumer protection, and other regulatory requirements.

Key Functions:
Generalist role ensuring overall regulatory compliance and risk management.

Scope of Responsibility:
Covers a wider range of compliance areas, including AML, data protection, consumer rights, and other regulatory matters affecting the company.

Primary Duties:
Develops and enforces compliance policies across all areas, conducts regular audits, ensures the company meets all regulatory requirements, provides training on compliance matters, and acts as a liaison with regulatory bodies.s.

DPO

A Data Protection Officer (DPO) is responsible for overseeing a company’s data protection strategy and implementation to ensure compliance with data privacy laws. The DPO monitors compliance, manages data protection activities, provides guidance on data processing, and acts as a liaison with regulatory authorities on data protection matters.

Key Functions:
Specialized role focused on protecting personal data and ensuring privacy compliance.

Scope of Responsibility:
Focuses on data protection, ensuring compliance with data privacy laws such as GDPR, managing data protection policies, and handling data breaches.

Primary Duties:
Oversees data protection strategy, ensures compliance with data protection laws, conducts data protection impact assessments, provides training on data protection, and reports data breaches to regulatory authorities.

Other C-Level roles

We can also identify and recruite local candidates for key roles such as Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operating Officer (COO), and Chief Technology Officer (CTO). We offer tailored recruitment solutions designed to meet the regulatory compliance requirements.

We provide several approach possibilities for meeting regulatory substance requirements, e.g. with setting up a local physical office and sourcing qualified professionals for direct employment of Chief Compliance Officer (CCO) and Money Laundering Reporting Officer (MLRO) roles, including support with on-going training, office and team management.

How to Start the Process

Our onboarding process begins with an introductory call with the aim to understand the specific needs, and set clear objectives. Once we have an understanding of the requirements, we source and present candidates tailored to the specifications. We provide a selection of qualified candidates to choose from, ensuring that they align closely with the organizational culture and objectives. Beyond initial placement, we offer ongoing management and support.

  • 1. INTRO CALL
  • Objective: Gathering information about the needs, expectations and objectives.
  • Outcome: Indicative budget and solution proposal with a preliminary roadmap.
  • Note: To start the process please book an Intro Call at our Calendly
  • 2. APPROVALS
  • Objective: We provide candidates for review and set up online interviews.
  • Outcome: Employment contract negotiated/signed with chosen candidate(s).
  • Note: We may also include candidate(s) from company internal sources.
  • 3. ON-GOING MANAGEMENT
  • Objective: We may set up a physical office and provide day-to-day management.
  • Outcome: Well-maintained and highly productive working environment.
  • Note: There is a possibility to observe solutions in live based on current solutions.

Please be advised that while we strive to provide efficient and effective services we cannot guarantee specific outcomes or results. The success of the recruitment and management process may be influenced by various external factors beyond our control. By engaging in this process, you agree to acknowledge and accept the inherent uncertainties and complexities involved in personnel recruitment and management. Please contact us for a detailed offer specific to your project.

Book a meeting for more information

We can provide further information after gathering the preliminary project information. We follow a thorough checklist to make sure all regulatory requirements are met. Please contact our compliance department through the contact form below to set up an online meeting, we will get back to you shortly.

    Contact details

    Please contact us to schedule a meeting with our AML compliance projects manager.

    Call our head office at +372.50.43.245

    E-mail us at info@maxcorp.eu

    Lithuania | Estonia| Poland