CONCEPT Compliance LBA-AML is gradually gaining ground in the market.
AN INTEGRATED PRODUCT & INTEGRABLE
It can be used independently or integrated with CONCEPT products :
- CONCEPT Family Office version Multi Family (MFO) and Single Family (SFO)
- CONCEPT Independent Assets Managers version “Single” or “Multi databases”, platform facilitating the grouping of independent managers
- CONCEPT TrusteeTM
Interfacing with other Asset Management software is possible insofar as the change of the existing system is not desired.
MODULES INCLUDED IN THE BASE PRODUCT
- Counttries (Country risks evaluation / Internal rating – (Swiss = LBA-AML)
Contract of mandate
Identification of beneficial owners / control holder
Description of economic background (Origin of funds, client declarations, etc.)
Définition of bank relations (Banks, Account numbers, Initial estimated amounts, etc.)
Définition of stakeholders linked to the clients (Directors, Proxies, Settlors, Trustees, etc.)
Additional input of shareholders & external participations (allowing their integration to the organisation chart)
Information on tax compliance (Tax domicile, Client declarations, Tax status, Search for indicias, etc.)
- DIAGNOSTIC COMPLIANCE (Data controls, Expiry dates, Missing documents, etc. )
- ESTIMATING OF CUSTOMER RISK (SWISS = LBA- AML) (Consideration of countries risk and other indicias allowing to detect increased risk criteria)
- ORGANISATION CHART (Support to the identification of complex structures)
- Identification of criteria FATCA US & other legislations (CRS)
- MONITORING OF RISK TRANSACTIONS (Transactions controls (amounts, frequencies, …)) – Manual or automatic controls using CONCEPT Processus – see www.cpsltd.ch/processus
- AUDIT TRAIL (Timestamp and control of creations. modifications, deletions, etc.)
- INTERFACES: WORLDCHECK, FACTIVA, etc..
- MANAGEMENT AND ARCHIVING OF DOCUMENTS – (Module Interfaced with certified DMS)