Services
Appointed functions
GRAYND provides you with industry expertise by either providing support to your appointed officers, or alternatively providing you with one of our highly qualified and experienced individuals to fulfill these functions for you.
MLRO
Risk Officer
Compliance Officer
General Anti-Money Laundering and Countering Funding of Terrorism
Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) are crucial measures designed to prevent and combat financial crimes. Measures are put in place both at EU and at National level to detect and deter illicit activities such as money laundering and terrorist financing.
Policies & Procedures
AML/CFT Manual
Customer Acceptance Policy
KYC Policy & Procedure
Sanction Monitoring Policy & Procedure
Unusual Activity Policy, including Internal Reporting Forms
Ongoing Monitoring Policy, including Transaction Monitoring
Further Services - Anti-Money Laundering and Countering Funding of Terrorism
At GRAYND we can assist with drafting your policies and procedures in line with your risk appetite and risk tolerance as well as assisting with your reporting. We also provide more granular services and assist with, among other matters with your client screening, vetting and reviews in order for your company to focus on the business whilst retaining oversight and ensuring that the company is compliant.
Establishing and/or updating the Customer Risk Assessment (CRA)
Establishing and/or updating Jurisdictional Risk Assessment (JRA)
Adverse Media Screening
Assistance with Client reviews: initial and ongoing
Assistance with vetting of CDD: Initial and ongoing
General Guidance and Assistance
External Audit of AML/CFT framework
Assistance with submission of Risk Evaluation Questionnaire (REQ)
Annual/Quarterly MLRO Reports
Compliance
Regulatory Compliance is there to ensure that subject persons are adhering to the relevant laws and regulations specific to the industry they are in.
At Graynd we can facilitate the development and maintenance of your policies. We can also conduct Internal Audits to ensure that the policies set in place are being adhered to.
Establishing and/or updating the Compliance Monitoring Programme (CMP)
Including creation and maintenance of Regulatory Registers
Annual/Quarterly Compliance Reports
Assistance with submission of Annual Compliance Return (ACR)
Drafting & Updating Policies & Procedures
Internal Audit
Risk management is key to safeguarding your business.
We assist you in understanding and mitigating your risk through your business, by reviewing and updating your policies and procedures, upkeeping your risk register and ensuring that your business risk assessment is up to date, providing the BODs with the information they require to understand the business risk and ensure that risk is being managed on an ongoing basis, allowing the board to make informed decisions.
Establishing and/or updating Risk policies & procedures
Creating/updating Risk Registers
Establishing and/or updating Business Risk Assessment (BRA)
Annual/Quarterly audit
Operational Support
One of the main issues within the industry today is recruiting and maintaining quality staff to assist your business in maintaining the quality you require, especially in the area of AML/CFT and compliance.
Outsourced compliance Human Resources
Remediation plans
GRAYND therefore assists firms to assess the level of compliance they currently have and assist with improving and maintaining a better quality of AML/CFT and compliance processes. GRAYND has a hands-on approach and will support your business with anything that is required to ensure regulatory requirements are met and maintained at a sufficient level.
Training sessions
Training and awareness of all staff is an integral element for the success of any AML/CFT, Risk and Compliance frameworks and is also imperative to ensure a compliance culture within your business.
GRAYND provides general training as well as customised training for organisations wishing to increase their staff’s awareness, ensuring that their business is not unnecessarily exposed to a higher level of risk due to staff being unaware of their obligations and/or what they should be looking out for in their day to day activities.
AML/CFT General Training
Company policies and procedures relating to AML/CFT
AML/CFT Typologies in line with business activity
Customer Due Diligence & Basic requirements
Customer Due Diligence, based on the companies’ policies (Including training on the company’s customer risk assessment)
UBO Identification and verification
Transaction monitoring (Customer specific)
General Sanction Training
Sanction Training – Company Specific
Business Risk Assessment
Jurisdictional Risk Assessment
Trustee code of conduct training
CSP rulebook training
General Services
Provision of services to support our clients obtain and retain their licenses. Assisting organisations navigate through regulatory requirements and ensuring that they remain compliant with the ever changing regulatory landscape.