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The WiseBOS KYC & AML Compliance confidently complies with ALL the requirements according to the “Monitoring & Compliance Guidance” issued by the Compliance Committee of ICPAC in February 2024

We are proud to share that our All-in-One WiseBOS KYC & AML Compliance solution, confidently complies with all the requirements, set forth by the Compliance Committee of the Institute of Certified Public Accountants of Cyprus (ICPAC) as issued in their February 2024 publication: “Guide on use of automated systems for the prevention of money laundering and terrorist financing”.

Validated by our very own Yiannis Pettemerides BA, MA, FCA (ICAEW), Forensic, Anti-Money Laundering, Regulatory, Compliance, Registered Auditor, Insolvency Practitioner and eBOS Resident Consultant & Associate, our WiseBOS RiSC solutions covers all the requirements set by ICPAC.

At a high-level, ICPAC lists the following requirements that need to be supported by your AML solution:

eBOS’s All-in-One AML solution consisting of the WiseBOS RiSC – Risk, Intelligence, Scoring and Compliance, the WiseBOS eCV – Electronic Customer Verification, the WiseBOS Scr – Customer Screening, the WiseBOS TrM – Transaction Monitoring, and the WiseBOS TrS – Transaction Screening solutions, confidently surpass ALL ICPAC’s requirements.

Equally important is the fact that ICPAC, not only lists the importance of the capabilities and functionalities of the AML solution, but also emphasises the importance of “Evaluating the provider”.

ICPAC lists a number of factors that should be considered as part of the “vendor assessment”, which eBOS also meets with its 21 years of industry experience. These are:

Click to read the full article of ICPAC’s Monitoring & Compliance Guidance.

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