Forex & Remittance

AML/CTF for Remittance Service Providers

The globalisation of the financial sector has contributed to a considerable increase in the activity and volume of money passing through Forex and Remittance businesses. In an incredibly diverse world, remitters are facing significant money-laundering and terrorism financing risks. bronID can help these businesses reduce their exposure to illegal activities as well as help them set up proper and compliant AML/CTF policies and procedures.

What do you need to do?

  • Enrol with the regulator
  • Assess the ML/TF risks your business is facing
  • Develop your AML/CTF Program
  • Implement the procedures from your AML/CTF Program

How can bronID help?

We provide AML/CTF tools and advisory to help you prevent financial crime and comply with regulatory requirements

Identity Verification solution that scales with your business.

  • KYC and KYB solution that supports all organisation types including verification of individuals, companies, trusts and associations
  • One solution, global coverage
  • Three integration options for full flexibility: Self-serve Portal, White-label Forms and API
AML/CTF Compliance

Develop compliant AML/CTF policies, procedures and controls.

  • Use our Risk Assessment tool to assess your risks of money laundering and terrorism financing
  • Our AML/CTF Programs include AML/CTF procedures and controls that are customised to your circumstances
  • Upgrade to tools that will help you execute your AML/CTF Program with ease
Compliance as a service

Stay on top of the AML/CTF requirements.

  • Always have someone to ask about the best practices in AML/CTF and how you can implement them to fit your circumstances
  • Get help with executing your AML/CTF procedures and controls
  • Stay informed about the regulatory changes and requirements

“Are you operating a Remittance business and don't know where to start? Send us your questions, and we'll get back to you asap.”

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