AML/CFT risk self-assessment software for banks and insurance companies

The evolution of AML legislation is affecting many sectors requiring knowledge of specific obligations and diligence.
Cheope’s ARP -AML Risk Profiler- software, promotes compliance and has been proven effective.
We rely on AML regulations and constantly monitored directives to promote compliance in the below areas. This is done with an eye on opportunities that arise from knowing your customers.

Financial and Asset Management

Anti-money laundering legislation has been designed to apply to those who facilitate the management of capitals and assets; this is why banks, financial intermediaries and asset managers need professional software with a significant degree of complexity.
ARP operates as a complete application, capable of aggregating external data and proprietary flows.

Dedicated regulations

  • Bank of Italy Provision of 30/07/2019. Read
  • D.Lgs. 21/11/2007 n.231. Read
  • D.Lgs 90/2017 (IV EU Directive). Read
  • Bank of Italy Provision of 26 March 2019 “Provisions on organization, procedures and internal controls aimed at preventing the use of intermediaries for the purposes of money laundering and terrorist financing”. Read

Financial and Asset Management

Anti-money laundering legislation has been designed to apply to those who facilitate the management of capitals and assets; this is why banks, financial intermediaries and asset managers need professional software with a significant degree of complexity.
ARP operates as a complete application, capable of aggregating external data and proprietary flows.

Dedicated regulations

  • Bank of Italy Provision of 30/07/2019. Read
  • D.Lgs. 21/11/2007 n.231. Read
  • D.Lgs 90/2017 (IV EU Directive). Read
  • Bank of Italy Provision of 26 March 2019 “Provisions on organization, procedures and internal controls aimed at preventing the use of intermediaries for the purposes of money laundering and terrorist financing”. Read

Life Insurance

Insurance entities and intermediaries are required to strengthen their control tools and systems, as indicated by national regulations. The realization of an updated anti-money laundering policy and processes is a key step for insurance companies based in Italy, and operating in Italy from abroad.

Even if the number and type of people in AML/CTF screening might differ, depending on the line of business, the used system will consider this possibility.

Dedicated legislation

  • D.Lgs. 90/2017 (IV EU Directive). Read
  • IVASS Regulation n.44 of 12/02/2019 as amended and integrated by IVASS Measure n.111 of 13/07/2021. Read

Life Insurance

Insurance entities and intermediaries are required to strengthen their control tools and systems, as indicated by national regulations. The realization of an updated anti-money laundering policy and processes is a key step for insurance companies based in Italy, and operating in Italy from abroad.

Even if the number and type of people in AML/CTF screening might differ, depending on the line of business, the used system will consider this possibility.

Dedicated legislation

  • D.Lgs. 90/2017 (IV EU Directive). Read
  • IVASS Regulation n.44 of 12/02/2019 as amended and integrated by IVASS Measure n.111 of 13/07/2021. Read

Virtual asset service provider ed E-trading

The fastest evolving fintech industry has seen an increase in the degree of regulation, including AML/CFT customer due diligence requirements.

As the activities are often managed in foreign countries, it is necessary to have a trusting and competent partner.

According to their specific activity, today’s securities managers are required to implement the systems for the prevention of the infiltration of illicit money.

Dedicated legislation

  • Legislative Decree 90/2017 (4th EU Directive. Read
  • Legislative Decree 125/2019 (Fifth EU Directive) Read
  • EBA Opinion on ‘virtual currencies’ of 4 July 2014 Read
  • FATF Report, Virtual Currencies, published in June 2014 Read
  • ECB – Virtual Currency Schemes of October 2012 Read

Virtual asset service provider ed E-trading

The fastest evolving fintech industry has seen an increase in the degree of regulation, including AML/CFT customer due diligence requirements.

As the activities are often managed in foreign countries, it is necessary to have a trusting and competent partner.

According to their specific activity, today’s securities managers are required to implement the systems for the prevention of the infiltration of illicit money.

Dedicated legislation

  • Legislative Decree 90/2017 (4th EU Directive. Read
  • Legislative Decree 125/2019 (Fifth EU Directive) Read
  • EBA Opinion on ‘virtual currencies’ of 4 July 2014 Read
  • FATF Report, Virtual Currencies, published in June 2014 Read
  • ECB – Virtual Currency Schemes of October 2012 Read

Legal assistance, Auditing and Real Estate Brokerage

The AML legislation states a duty for lawyers, accountants and real estate professionals, to carry out a money laundering risk assessment if they take on certain tasks.

Professionals are not immune from criminal liability. Firms and individuals must understand the importance of AML processes and take steps to comply with them whenever required.

Dedicated legislation

D.Lgs 90/2017 (4th EU Directive) Read
D.Lgs 125/2019 (V EU Directive) Read

Legal assistance, Auditing and Real Estate Brokerage

The AML legislation states a duty for lawyers, accountants and real estate professionals, to carry out a money laundering risk assessment if they take on certain tasks.

Professionals are not immune from criminal liability. Firms and individuals must understand the importance of AML processes and take steps to comply with them whenever required.

Dedicated legislation

D.Lgs 90/2017 (4th EU Directive) Read
D.Lgs 125/2019 (V EU Directive) Read

Professional dealers in precious metals and objects

The AML regulation binds all those involved in the buying and selling of precious metals.

As one of the last sectors impacted with regulatory requirements, there is a need to renew or create a process that based on fully compliant practices

ARP adapts to new requirements and suits the needs of a wide number of professional dealers.

Dedicated legislation

  • D.Lgs 125/2019 – (V EU Directive) Read
  • Law 7/2000 Read

Professional dealers in precious metals and objects

The AML regulation binds all those involved in the buying and selling of precious metals.

 As one of the last sectors impacted with regulatory requirements, there is a need to renew or create a process that based on fully compliant practices

ARP adapts to new requirements and suits the needs of a wide number of professional dealers.

Dedicated legislation

D.Lgs 125/2019 – (V EU Directive) Read
Law 7/2000 Read

Gaming and Betting

The evolution of technologies applied to the betting and gaming industry goes along with the development of AML regulations effectively applied to the traditional business channels as well as to online ones.
The diversity of counterparts together with an often-distant relationship with the customer makes the sector particularly exposed to the risk of money laundering and keeps the Authority’s attention high.
Cheope offers a high-level system that can be adapted to the operational and business dynamics of each company.
The analysis of dynamic data represents an important element and when compared with subjective risk indicators, brings the Client compliance to the highest-level.

Dedicated legislation

  • D.Lgs 90/2017 (IV EU Directive) Read
  • D.Lgs 125/2019 (V EU Directive) Read

Gaming and Betting

The evolution of technologies applied to the betting and gaming industry goes along with the development of AML regulations effectively applied to the traditional business channels as well as to online ones.
The diversity of counterparts together with an often-distant relationship with the customer makes the sector particularly exposed to the risk of money laundering and keeps the Authority’s attention high.
Cheope offers a high-level system that can be adapted to the operational and business dynamics of each company.
The analysis of dynamic data represents an important element and when compared with subjective risk indicators, brings the Client compliance to the highest-level.

Dedicated legislation

D.Lgs 90/2017 (IV EU Directive) Read
D.Lgs 125/2019 (V EU Directive) Read

Let’s get in touch!

We want to show you what AML Risk Profiler can do for your business.
Write us or call us to have a live demo of the most practical and complete AML verification.

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