SOFTWARE IMPLEMENTATIONS
IMPLEMENTED UNDER OUR GUIDANCE

Many organizations are aiming to reduce costs associated with KYC, AML, and
screening through automation.
At BlueMonks, we possess extensive expertise in the entire process,
ranging from vendor selection to full implementation.

Moreover, for customers utilizing our Managed Services,
we offer our proprietary software package,
enabling swift onboarding of your organization in no time.

SOFTWARE IMPLEMENTATIONS
IMPLEMENTED UNDER OUR GUIDANCE

Many organizations are aiming to reduce costs associated with KYC, AML, and

screening through automation.

At BlueMonks, we possess extensive expertise in the entire process,

ranging from vendor selection to full implementation.

Moreover, for customers utilizing our Managed Services,

we offer our proprietary software package,

enabling swift onboarding of your organization in no time.

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STREAMLINED PROCESS

Once you start using our managed service, we ensure a streamlined process for you. You will have access to a secure environment specifically set up for you, where you can upload your customer data. In this environment, you can easily track the progress of your cases. Once we receive the customer data, it is automatically integrated into our Compliance Management Portal.

Within this portal, we create a separate environment tailored to your risk policy, ensuring that your customer data remains in a secure and restricted environment at all times.

STREAMLINED PROCESS

Within this portal, we create a separate environment tailored to your risk policy, ensuring that your customer data remains in a secure and restricted environment at all times.

RISK ASSESSMENT POLICY

In the AFM's Wwft declaration, you commit to implementing a Risk Assessment Policy to prevent money laundering risks. The results of the risk assessment, the risk classification, form the basis of the policy. Our algorithm consists of a set of predefined steps and rules necessary to achieve a specific objective. Our algorithm performs the following steps:

Collecting the necessary compliance check data from your customer.
Weighing the identified results against your policy.
Assigning an initial risk classification to your customer.
Documenting the evidence regarding the policy you have implemented.

By following these steps, our algorithm ensures a systematic and thorough process for risk assessment and compliance within your organization.

DATA SOURCES

Our Compliance Management Portal is integrated with the Chamber of Commerce (KvK), allowing for automatic enrichment of client data with KvK information through a batch process. This integration enables the automatic enrichment of individual relationships with KvK data, such as details about directors and ultimate beneficial owners (UBOs).

REPORTS

The key deliverable of a CDD/AML client investigation is the evidence that can be provided in the event of an audit by the regulatory authority. For this reason, the results of the conducted investigation, risk assessment, UBO research, compliance checks, etc., are not only stored digitally but also documented in a digitally certified PDF report to be inserted into the client dossier. We provide this reporting through our secure portal, where you can download the report and add it to your client dossier. This ensures proper documentation and easy access to the necessary information for regulatory compliance purposes.

USING OUR TOOLING YOURSELF?

If you already have a team of KYC analysts but are seeking an automated solution that is fast and easy to implement, BlueMonks can also assist you. Within a week, we can set up your environment (customized to your policies) and provide you with the ability to perform your KYC analysis, screening, and monitoring in our secure environment.

If you are interested in exploring these possibilities, please contact us to schedule an introductory meeting. We would be delighted to discuss further details and determine how our services can best meet your needs.

Expertise

BlueMonks has a team of experts specialising in financial and economic crime, with years of experience in identifying, mitigating and managing such risks.

Tailor-made solutions

BlueMonks offers tailor-made solutions tailored to each customer's specific needs, rather than a one-size-fits-all approach.

Innovative technologies

BlueMonks uses innovative technologies, such as artificial intelligence and machine learning, to identify and prevent financial and economic crime.

Regulatory compliance

BlueMonks has a deep understanding of the complex regulatory landscape surrounding financial and economic crime and we ensure that our clients are fully compliant with relevant laws and regulations.

Reputation

BlueMonks has a strong reputation in the industry for providing high-quality, reliable services and solutions to our customers.

Confidentiality

BlueMonks understands the importance of confidentiality and privacy when dealing with financial and economic crime challenges, and we take all necessary measures to protect our customers' sensitive information.

Cost-saving

BlueMonks provides cost-effective solutions to our clients, enabling them to manage their financial and economic crime risks and keep costs manageable.

Proactive approach

BlueMonks BV takes a proactive rather than reactive approach to financial and economic crime, allowing our clients to identify and mitigate risks before they become a problem.

HOW DOES IT WORK?

1

Schedule a free, no-obligation consultation.

2

During the online conversation, we discuss the options.

3

Choose the service that suits you.

GET IN TOUCH

Interested in what BlueMonks could do for you in terms of unburdening your AML/KYC/FEC process?

SOFTWARE IMPLEMENTATIONSIMPLEMENTED UNDER OUR GUIDANCE