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British firm offers more AML software
Chris Hamblin
Clearview Publishing
28 July 2014
Certeco, a fast-growing British "technology change consultancy", has launched a new business-process outsourcing service dedicated to money-laundering control. Graham Smith, Certeco's director of services and solutions, suggested in a press release that the new service might provide "airtight audit trails to prove adherence to standards and ensure they are in no way harbouring criminal activity," which some may see as a trifle optimistic. The organisation's website is at www.certeco.co.uk
The 'AML BPO' service is designed to help banks and other financial institutions ensure that they have the right systems, procedures and processes in place, plus regular periodic reviews and audits to recognise any potential money laundering activity. It helps banks to analyse global AML data, to flag up discrepancies and identify places where questionable or illegal activity may be taking place.