Expert AML & CFT Compliance Services Tailored to Your Business Needs
Adherence to Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) obligations is more critical than ever. Kyte Global provides comprehensive guidance and support to help organizations meet these stringent requirements. This includes rules set by the FIAU, MGA, MFSA, and applicable Maltese and European legislation, which continue to evolve. Consequently, we designed our AML service line to provide organizations with the tools they need to navigate the intricacies of AML/CFT compliance. We offer a wide range of services that encompass:
- ML/FT Business Risk Assessment
- ML/FT Customer Risk Assessments strategies and tools
- AML/KYC Policies, due diligence, ongoing monitoring, suspicious transaction reporting, human resources procedures drafting and updates
- AML and CDD Monitory tools, software and services
- Internal AML/KYC Reporting structures
- AML/KYC E-Learning and face-to-face and on-the-job training services from basic awareness to individual advanced training for MLROs
- Internal or external commissioned audits of AML/KYC efforts using authorities’ methodology
I have been informed I will be audited soon by my Regulatory Authority. What can I do?
We usually start with a Gap Analysis to assess your services and see how they measure up against regulatory obligations. If your controls are in place, we move on to a Mock Audit. This helps you understand the audit process and prepare for both the audit and long-term compliance. If the Gap Analysis or Mock Audit reveals gaps, we guide you to resolve them efficiently and prioritize actions based on risk.
Which jurisdictions have you worked with?
We mainly have provided services to Maltese and UK regulated remote gaming and financial services institutions, however we can tap into additional resources through our network to provide appropriate advice for your business, in wherever markets it may be operating.
What are your engagement terms?
Our approach is to set meetings with prospective clients to understand their requirements. We do not try to sell you services you don’t need, but instead aim to provide you with the appropriate services at an appropriate price that you can afford and we aim to have you as a regular customer time and again.
Why is AML/CFT so important? Can I take shortcuts?
The reality is that, although you may often consider your industry irrelevant to money launderers or terrorists, criminals target and use service providers such as Remote Gaming and FinTech companies for these purposes. The global fight against ML/FT relies on every link, and few industries are completely immune from misuse.
Are you qualified to provide these services?
“Our consultants and advisors draw on first-hand experience working in relevant departments within the Remote Gaming and Financial Services industries, including top companies and high street banks. They hold professional qualifications and maintain membership in industry bodies such as the International Compliance Association and the Association of Certified Fraud Examiners. They regularly attend local and international training, seminars, and conferences, and actively follow developments in regulations and legislation. Regulators and authorities frequently invite us to contribute to consultations.