Embedded compliance:
for your peace of mind

Compliance as a Service makes financial solutions seamless, and you can focus on scaling your online business.

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KYC is just the tip of the iceberg

Compliance doesn’t end at onboarding. Regulations are getting tighter and stricter every year.
Want to handle customers’ funds? Then get ready to constantly run due diligence, report to multiple authorities, monitor transactions for fraud, and much more.
You’d need an entire team to tackle even half of that. Or you could let us handle it for you.

Compliance-as-a-service:
full-scope and instant know-how

Our trusted team of experts includes AML/KYC specialists, DPOs, analysts and other in-demand professionals. Together, they have a proven track record of helping online businesses navigate the ever-changing Compliance landscape.

We make it our job to get to know your business and apply the tools and procedures that make the most sense. And we’re one of the few online banking providers that are willing and able to cover all of your Compliance needs.

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In-house compliance = all cost, little return

Running a compliance department is like running a separate business that never generates revenue, only costs.
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Peerless performance

Our AML/CFT controls scored 89% for effectiveness in a recent audit by one of the Big Four firms, outperforming our Baltic peers by 20 percentage points.

Comprehensive Compliance as a service

We provide full-scope embedded compliance that ticks all the boxes.
Here are all of the things we take care of.

General

  1. Performing KYC for Onboarding & Ongoing Due Diligence
  2. Obtaining non-objection from Central bank.
  3. Maintaining sufficient staff and providing sufficient training to properly execute the KYC operations.
  4. Implementing Customer Risk Assessment.
  5. Performing regular Ongoing Due Diligence.
  6. Ensuring daily screening of the entire database against relevant Sanctions lists and PEP as per requirements and Principal practice.
  7. Testing screening tools on a regular basis to ensure quality.

KYC for Onboarding &
Ongoing Due Diligence

  1. Obtaining non-objection from Central bank for outsourcing of the service.
  2. Maintaining sufficient staff and providing sufficient training to properly execute the KYC operations.
  3. Implementing Customer Risk Assessment.
  4. Performing regular Ongoing Due Diligence.
  5. Ensuring daily screening of the entire database against relevant Sanctions lists and PEP as per requirements and Principal practice.
  6. Testing screening tools on a regular basis to ensure quality.

Transaction AML Monitoring

  1. Obtaining non-objection from the Central bank for outsourcing of the service.
  2. Maintaining sufficient staff and providing sufficient training to properly execute the AML Monitoring operations, including having a training plan, proof of training execution, etc.
  3. Selecting provider and defining AML rules (Live monitoring and retrospective monitoring).
  4. Implementing SAR internal process.
  5. Reporting SAR to the Principal through a dedicated channel and staff.
  6. Periodically reviewing, testing, and improving rules.

Transaction sanction/
PEP screening

  1. Testing and selecting a provider for PEP/Sanction screening.
  2. Maintaining sufficient staff and providing sufficient training to properly execute the Sanction/PEP screening operations, including having a training plan covering new sanctions, sanction evasion, and match review.
  3. Periodically reviewing, testing, and improving screening criteria.

Want to learn more?
Let's talk.