Our Service in Germany
Compliance Solution
in Germany
Compliance Advisory Service
ABM provides the Compliance Advisory Service (Internal Audit) on the overall activities of a Money Transection in Germany.
The Fourth EU Anti-Money Laundering Directive aims to enhance anti-money laundering measures and strengthen the integrity of the financial system by reforming and restating the German Anti-Money Laundering Act.
We help Money Transfer Businesses comply with the Fourth EU Anti-Money Laundering Directive and other regulatory frameworks.
ABM Global Compliance helps money transfer businesses in Germany comply with stringent requirements of German Anti-Money Laundering Act and address emerging risks.
We Provide
Compliance Solution in Germany
Compliance outsourcing:
If you want to apply for your own licence, become an agent for an existing licence, “rent” a licence (i.e. be sponsored under one), or become an ISO for an existing licence holder, this is the place to go. We provide licencing services in the United States, Canada, the United Kingdom, Europe, and Australia/New Zealand.
The scope of our Compliance Advisory Service and internal audit are:
- Providing advice on the identity of the company or branch in BaFin and Central Registry office.
- Advice and Testing CDD, EDD, Risk Assessment, F & P Test as according to the BaFin, Federal Ministry of Finance, Financial Intelligence Unit of Germany.
- Advice and Testing CDD, EDD, Risk Assessment, F & P Test as according to the BaFin, Federal Ministry of Finance, Financial Intelligence Unit of Germany.
- Developing Suspicious Activity Reporting (SAR's) system and train up the nominated officer on how to report to Financial Intelligence Unit of Germany. Explaining the practical implications.
- Testing and verification of Record keeping procedures and records as according to Geldwäschegesetz – GwG (Germany).
- Preparation & Testing the Risk Assessment and management procedures.
- Developing & Testing the internal control, the monitoring and management of compliance.
- Advice on the procedures of the internal communication of such policies and procedures.
- Advice on Safeguarding client fund as according to the German ML Act.
- Compliance and regular update of the regulations from all relevant.
Are you looking for MLR & FCA compliance support in Germany?
Dedicated Services
Our Specialized
Services
ABM Consulting Group PLC specialised services assist the financial service providers not only successfully secure the licence but also ensure the compliance during the operations and complying with their ongoing regulatory requirements. ABM Consulting Group PLC also assists the FINTECH companies to expand its operation through payment and card schemes.
- Licence authorisation from FCA
- Annual Compliance Audit.
- Ongoing compliance monitoring.
- SWIFT and SEPA payment schemes.
- Principal and associate membership of Visa and MasterCard schemes.
