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AML / CFT

Kyte can provide you with all the consultancy and referrals to services needed to meet your AML/CFT obligations in the Remote Gaming and Fintech industries as directed by the FIAU, MGA and MFSA guidelines and the relevant European and Non-European legislation, as updated from time to time.

Adherence to Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) obligations is more critical than ever. Kyte Global, is at the forefront of providing comprehensive guidance and support to ensure organizations meet the stringent requirements set forth by the FIAU, MGA, MFSA, and relevant Maltese and European legislation, which are continually evolving. Our AML service line is designed to provide organizations with the necessary tools 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 almost always suggest an initial Gap Analysis to understand the full extent of your services and how you measure up against your regulatory obligations in general terms. If you have the correct things in place, we would move on to carry out a mock audit so that you can understand the methodology of the audit process and how to ensure you have everything ready, not just for the audit but for the long term. If there are any gaps identified in the Gap Analysis or the Mock Audit, we will provide guidance on how you can resolve these gaps efficiently and prioritise on a risk-based approach.

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 whilst many times you may consider your industry to be irrelevant for money launderers or terrorists, service providers like Remote Gaming companies and FinTech companies are targeted and used for such purposes. The global effort against ML/FT is as strong as its weakest links and few if any industries are immune from being misused.

Are you qualified to provide these services?

Our consultants and advisors have first-hand practical experience in working in relevant departments within the Remote Gaming and Financial Services Industries, including top companies and high street banks. They retain professional qualifications from and are members of relevant industry bodies like the International Compliance Association and the Association of Certified Fraud Examiners. They continuously attend local and overseas training, seminars and conferences and actively follow developments in regulations and legislation. We are also frequently invited to contribute in consultations with regulators and authorities.

Raising standards since 2006.

Kyte Global, with clients in over 65 countries has established itself as a unique company providing a one-stop-shop to all your information security and compliance requirements.

At Kyte Global we attempt to add value in everything we do. Our services have evolved as a result of the growing needs of our clients. Regulations keep getting stricter, compliance requirements keep getting more onerous and clients find themselves spending more time addressing these issues rather than focusing on their business. At the same time, resources with the right knowledge and experience are hard to come by. Kyte Global tries to tackle these issues by providing a one stop shop to all the client’s needs. Kyte Global understands that Compliance is an effective way of ensuring that controls are implemented.

Internally, Kyte Global is organised in teams, each dedicated to a specific service, usually revolving around a specific standard or regulation. Some of these are PCI DSS, ISO 27001, GDPR, Internal Audit, AML, Gaming, Penetration Testing, Training to name a few. Each team is made up of trained professionals, all experts in their own field.

Over the years, Kyte Global has established partnerships with suppliers that develop and implement industry leading solutions so that it can make recommendations to clients who require such services or products. Kyte is proud to have a network of partners that can assist its clients, big or small, in virtually all of the industries it operates in.

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News & Insights

Stay informed with our dynamic News and Insights section, where we share timely updates, industry trends, and expert perspectives to keep you ahead of the curve and informed about the latest developments in the field. Explore a wealth of valuable resources that empower you with knowledge and actionable insights for informed decision-making.

Kyte Global at Seamless Middle East
Wednesday, 22nd May 2024

Kyte Global's team actively participated in Seamless Middle East. The event provided a valuable platform to connect with industry leaders and explore the latest trends in information security and compliance. Kyte Global showcased its expertise in ISO 27001, PCI DSS, and SOC 2 compliance, all crucial for building trust and ensuring secure transactions in the digital sphere. By attending Seamless Middle East, Kyte Global positioned itself as a vital partner in the journey towards a more secure and sustainable digital future.

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Kyte Talks Insights in Information Security and Compliance
Thursday, 16th May 2024

Kyte Global is proud to announce the inauguration of Kyte Talks, a series of formal discussions designed to elucidate the dynamic landscape of information security and compliance. These enriching sessions will convene esteemed industry experts to share their knowledge and address critical issues confronting businesses in today's environment.

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Bridging the Gap How ISO 27001 Compliance Paves the Way for DORA Success
Friday, 22nd March 2024

DORA aims to ensure that financial institutions possess the operational resilience to withstand and recover from disruptions, including cyber attacks. This aligns perfectly with the risk-based approach advocated by ISO 27001, which establishes an Information Security Management System (ISMS) to identify, assess, and mitigate information security risks.

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