A jewellery business was facing challenges in complying with regulatory requirements for anti-money laundering and counter-terrorist financing (AML/CFT).
The business was struggling to identify suspicious transactions and report them to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in a timely and effective manner. The business needed a solution that could help them improve their AML/CFT program and achieve compliance with regulatory requirements.
LiveEx Shield implemented its AML software solution, which included advanced transaction monitoring and reporting capabilities. The solution was customized to the specific needs of the jewellery business, including its risk profile, transaction volumes, and regulatory environment.
The solution was also integrated with the business’s point-of-sale (POS) system, allowing it to monitor transactions in real-time and identify suspicious activity.The LiveEx Shield AML software solution was designed to detect and report suspicious transactions quickly and effectively.
The solution was equipped with advanced risk assessment and reporting capabilities, allowing the business to identify and prioritize suspicious transactions based on their risk level. This helped the business to reduce the number of false positives and focus on the transactions that were most likely to be suspicious.
LiveEx Shield also provided training and support to the business’s staff to ensure they were familiar with the software solution and how to use it effectively. This helped the business to optimize its AML/CFT program and reduce the risk of non-compliance.
The LiveEx Shield AML software solution helped the jewellery business to achieve compliance with regulatory requirements and avoid fines and penalties. The business was able to improve its AML/CFT program, reducing the number of false positives and improving the effectiveness of its suspicious transaction reporting.
The solution also helped the business to achieve greater transparency in its transactions, allowing it to better manage risk and avoid non-compliance.The integration of LiveEx Shield’s AML software solution with the business’s POS system improved the efficiency of the AML/CFT program and reduced the workload of the business’s staff.
This allowed them to focus on other areas of the business, improving overall efficiency and productivity.
LiveEx Shield’s AML software solution helped the jewellery business to achieve compliance with AML/CFT regulatory requirements, avoid non-compliance and penalties, and improve overall efficiency and productivity.
The solution was customized to the specific needs of the business, including its risk profile and transaction volumes, and integrated with the business’s POS system. The solution was equipped with advanced risk assessment and reporting capabilities, allowing the business to identify and report suspicious transactions quickly and effectively.
LiveEx Shield also provided training and support to the business’s staff to ensure they were familiar with the software solution and how to use it effectively. If you are struggling to comply with AML/CFT regulatory requirements, contact LiveEx Shield today to learn more about how our customized solutions can help you achieve compliance and avoid costly penalties.
A money service business was facing challenges in complying with regulatory requirements for anti-money laundering and counter-terrorist financing (AML/CFT). The business was struggling to keep up with the fast-changing regulatory environment and keep their AML/CFT program up-to-date.
This led to frequent non-compliance and fines from regulatory authorities. The business needed a solution that could help them keep up with regulatory requirements and avoid non-compliance.
LiveEx Shield implemented its AML software solution, which included real-time monitoring and reporting capabilities. The solution was customized to the specific needs of the business, including its risk profile, transaction volumes, and regulatory environment.
The solution was also integrated with the business’s existing systems, including its transaction monitoring system and customer management system.The LiveEx Shield AML software solution was designed to identify and report suspicious transactions quickly and effectively.
The solution was equipped with advanced risk assessment and reporting capabilities, allowing the business to identify and prioritize suspicious transactions based on their risk level. This helped the business to reduce the number of false positives and focus on the transactions that were most likely to be suspicious.
LiveEx Shield also provided training and support to the business’s staff to ensure they were familiar with the software solution and how to use it effectively. This helped the business to optimize its AML/CFT program and reduce the risk of non-compliance.
The LiveEx Shield AML software solution helped the money service business to achieve compliance with regulatory requirements and avoid costly fines and penalties.
The business was able to improve its AML/CFT program, reducing the number of false positives and improving the effectiveness of its suspicious transaction reporting. The business also achieved greater transparency in its transactions, allowing it to better manage risk and avoid non-compliance.
The integration of LiveEx Shield’s AML software solution with the business’s existing systems improved the efficiency of the AML/CFT program and reduced the workload of the business’s staff. This allowed them to focus on other areas of the business, improving overall efficiency and productivity.
LiveEx Shield’s AML software solution helped the money service business to achieve compliance with AML/CFT regulatory requirements, avoid non-compliance and penalties, and improve overall efficiency and productivity.
The solution was customized to the specific needs of the business, including its risk profile and transaction volumes, and integrated with the business’s existing systems. The solution was equipped with advanced risk assessment and reporting capabilities, allowing the business to identify and report suspicious transactions quickly and effectively.
LiveEx Shield also provided training and support to the business’s staff to ensure they were familiar with the software solution and how to use it effectively. If you are struggling to comply with AML/CFT regulatory requirements, contact LiveEx Shield today to learn more about how our customized solutions can help you achieve compliance and avoid costly penalties.
150 Consumers Road, Suite 502, North York ,ON, Canada M2J 1P9
