GP Global Ltd announced the development of AML Software Solution – Risk scoring/risk classification and KYC/CDD Software 

GP Global Ltd has issued an announcement to inform for the development of an AML Software Solution.

• Risk scoring/risk classification and KYC/CDD Software

• Software that helps regulated entities to comply with their AML obligations

We are pleased to inform you about the WiseBOS ERP AML Software Solution that our company GP Global Ltd has developed in collaboration with eBOS Technologies Ltd. The WiseBOS ERP AMLSoftware Solution has been demonstrated during the AML Seminars that have been hosted in Crowne Plaza Limassol.

WiseBOS AML is a business solution that was designed and developed to assists companies to meet and comply with the AML law and regulations. It handles KYC documents and actions, and also determines the risk level through the risk evaluation which is built based on scoring and metrics, including information on company transactions’ size, movement of funds, Business Activities etc. The WiseBOS AML software also provides a risk analysis score report and the reason for the score, as well as a detailed Economic profile of the company.

1. Due Diligence

It is an optimized process built in such a way to efficiently handle the clients KYC documents. The list of mandatory KYC documents is fully customized for Legal Entity and Physical Person, accordingly. Once the KYC document have been uploaded, the Compliance Assistant has immediate access to the list with the pending KYC documents for review.

Once the documents have been validated, they will automatically be available under the specific Entity in a section accessible only to Compliance Officers, and the system will also set automatic alerts for future review according to the risk level. With each document validated, the Entity Due Diligence and the Overall Due Diligence rate increases accordingly.

Managing the Due Diligence via WiseBOS AML

2. Risk Classification

WiseBOS AML accommodates an advanced module of AML settings, fully customizable according to companies internal policies, which can be set-up by the Compliance officer.
The risk evaluation is done through a wizard which is built based on scoring and metrics, including information on company transactions’ size, movement of funds, etc., all questions being designed to comply with AML regulations in force. The wizard questions are also customized according to the client type, Legal Entity or Physical Person.

Risk Classification via WiseBOS AML

The solution also accommodates useful reports such as the AML Risk Analytical Score, which is a detailed report with detailed information related to the risk score of the client as well as the AML Company profile which is the economic profile of the company containing all client information, including the source of wealth, etc.

WiseBOS AML Key features
• Workflows for KYC documents and actions management, which are customized according to the client type, Legal Entity or Physical Person.
• Risk classification wizard, customized according to the client type, Legal Entity or Physical Person.
• Automatic Alerts & reminders
• Ability to perform the company KYC together with all its related entities from the same screen
• Automatic creation of the Monthly Prevention Report for CYSEC licenced organizations

Please feel free to contact us at gpinfo@cytanet.com.cy for scheduling a presentation of WiseBOS ERP Solutions.

GP Global Ltd

 

 

 

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