silocompliance's articles 4 steps for effective anti-money laundering compliance training AML training can effectively help detect and report suspicious activity in your organization—including the predicate offenses to money laundering and terrorist financings, such as securities fraud and market manipulation. You can explore our anti-money laundering course and other effective compliance training material with a free trial here. March 19, 2022March 19, 2022 Saving Bookmark this article Bookmarked Battling E-Learning Fatigue in 5 Ways: Adjusting to the New Normal E-learning weakness is the new side effect of this new type. The spread of the pandemic and the going with limitations of social removing among others is driving significant colleges and schools to rehash their way to deal with instructing and learning. On the off chance that you glance through the news for the beyond […] March 19, 2022March 19, 2022 Saving Bookmark this article Bookmarked The most effective method to Combat Online Training Fatigue We're finding out about “online course weakness” and “Zoom weariness” following quite a while of working on the web. Regardless of whether you're sufficiently fortunate to be back in the workplace consistently, you might in any case be going about a lot of your responsibilities on the web and collaborating from a distance. You're additionally […] February 22, 2022February 22, 2022 Saving Bookmark this article Bookmarked 5 Steps to a Comprehensive AML Programme Don’t let the title fool you. Establishing a comprehensive AML Program may involve “Five Steps” – but the steps are giant. We’ll break them down, but each area is time-consuming and takes a focused mindset. We don’t suggest holding someone new to the AML profession solely responsible for implementing an AML Programme. Senior Management needs […] February 22, 2022February 22, 2022 Saving Bookmark this article Bookmarked Why Your Business Needs An Anti-Money Laundering Solution AML regulations have been changing rapidly in recent years, both in-depth and breadth. The AML 2020 Act, for example, includes the most sweeping changes in AML laws since The Patriot Act was passed in the wake of 9/11 in 2001. Among other changes, the new act focuses on: Eliminating anonymous holding companies Expanding its definitions […] January 6, 2022January 6, 2022 Saving Bookmark this article Bookmarked Effective AML Training in Four Steps Anti-money laundering training (AML) is a critical part of any business that operates in the international financial sector. Any allegations of money laundering involving your organization can cause serious reputational damage, incur severe penalties, and significantly damage one’s career. As the AML Compliance Officer, Money Laundering Reporting Officer, or Risk Manager of your company it […] January 6, 2022January 6, 2022 Saving Bookmark this article Bookmarked Due Diligence – Physical Security and Visitors With the prevalence of cyber-related attacks and data breaches, it is easy for the focus of small business leaders to be drawn away from the physical security of their organization. But without a solid base of physical security, the policies and procedures we put in place to mitigate cyber-attacks become useless. When implemented correctly, physical […] December 21, 2021December 21, 2021 Saving Bookmark this article Bookmarked 5 Key Components of an AML Compliance Program Security controls continue to advance in order to keep financial businesses stress- and fraud-free. Though, not everything in the garden is rosy: incorporating new measures doesn’t come as smoothly as it should. Business owners have to invest their time and resources in renovating their Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies, building compliance […] December 21, 2021December 21, 2021 Saving Bookmark this article Bookmarked What is anti-money laundering compliance? An anti-money laundering program is a set of regulations and procedures that financial institutions follow to prevent and detect money laundering or terrorist financing activities. Request demo AML Compliance Software at SILO Compliance Systems. November 16, 2021November 16, 2021 Saving Bookmark this article Bookmarked Acuris Risk Intelligence partners with SILO Compliance to boost AML Investigations Acuris Risk Intelligence, a provider of data intelligence and cybersecurity professionals, recently announced its partnership with diligence management solutions provider SILO Compliance System to enhance Anti-Money Laundering (AML) efforts. Based in the Cayman Islands, SILO Compliance is a comprehensive and risk-based diligence management solutions platform, providing its services to corporate service providers, law and accounting […] November 16, 2021November 16, 2021 Saving Bookmark this article Bookmarked Your Company Needs AML Practices In business, one of the most important assets that you have is capital. Every company looks for ways of generating more revenue, but there are limits to how your company can acquire and use its money. If you are not careful, money laundering could become a serious problem that puts the future of your company […] October 17, 2021October 17, 2021 Saving Bookmark this article Bookmarked Methods to Shore up your Anti-Money Laundering Training Most industries now require all staff and management to undergo anti-money laundering training annually. Banking, insurance, law and accounting firms, trust and corporate services providers and others have anti-money laundering regulatory obligations and ongoing AML training requirements. This is because these industries are often dealing with high value transactions, international banking transactions and complex corporate […] October 17, 2021October 17, 2021 Saving Bookmark this article Bookmarked Assessing the Risk Categories In a previous newsletter I spoke on three basic steps required when conducting a risk-based approach risk assessment of your business. Step one was to assess the risk of the four different categories within your business which include clients, products, countries, and channels. The second step was to determine what your business’ risk appetite is. […] September 16, 2021September 16, 2021 Saving Bookmark this article Bookmarked Cyber security risk analysis Cybersecurity article series: Cybersecurity risk analysis Staff training Detecting a breach and immediate action Recovering from a breach Cybersecurity risk analysis The first in our series of articles on cybersecurity will cover aspects of risk analysis for your business. Risk analysis is something that everyone in the world of regulatory compliance and AML is familiar […] September 16, 2021September 16, 2021 Saving Bookmark this article Bookmarked Completing IT Risk Assessments In the world of Compliance, risk assessments are the foundation of a protected business. Knowing what risks are out there, how to mitigate them, and what your risk appetite is, will all help to ensure vulnerabilities and shortfalls can be addressed and managed properly. Just like with compliance, IT risk assessments are especially important because […] August 23, 2021August 23, 2021 Saving Bookmark this article Bookmarked How to Find Your AML Compliance Gaps As an avid reader, my favorite genre is mystery. A good mystery writer will drop a clue now and then, just enough to keep me guessing, and occasionally I may be able to figure out who did the deed once I reach The End. However, as much as I love a good mystery, a compliance […] August 19, 2021August 19, 2021 Saving Bookmark this article Bookmarked After Action Reviews for Cyber-Attacks After countless man hours and additional funding put in place to protect your business from cyber-attacks, there will always be residual risk of a breach. If a breach still happens after all the hard work you and your team put in, it would be easy to resign yourself to the fact that it was all […] July 20, 2021July 20, 2021 Saving Bookmark this article Bookmarked Anti Money Laundering Compliance System SILO is Designed to Make AML Compliance Simpler, Faster, and More Comprehensive. If you’re constantly updating spreadsheets to manage your Anti-Money Laundering customer due diligence obligations, SILO Compliance System is for you. AML compliance is too important to be managed on a spreadsheet or through a “module” bolted on as an afterthought to an accounting […] July 20, 2021July 20, 2021 Saving Bookmark this article Bookmarked Recovering From A Breach Cybersecurity article series: Cybersecurity risk analysis Staff training Detecting a breach and immediate action Recovering from a breach Even after going through months and years of training your team to prevent and detect data breaches, it is of course still possible that your business gets added to the ever-growing list of victims of a hack. […] July 8, 2021July 8, 2021 Saving Bookmark this article Bookmarked
4 steps for effective anti-money laundering compliance training AML training can effectively help detect and report suspicious activity in your organization—including the predicate offenses to money laundering and terrorist financings, such as securities fraud and market manipulation. You can explore our anti-money laundering course and other effective compliance training material with a free trial here. March 19, 2022March 19, 2022 Saving Bookmark this article Bookmarked
Battling E-Learning Fatigue in 5 Ways: Adjusting to the New Normal E-learning weakness is the new side effect of this new type. The spread of the pandemic and the going with limitations of social removing among others is driving significant colleges and schools to rehash their way to deal with instructing and learning. On the off chance that you glance through the news for the beyond […] March 19, 2022March 19, 2022 Saving Bookmark this article Bookmarked
The most effective method to Combat Online Training Fatigue We're finding out about “online course weakness” and “Zoom weariness” following quite a while of working on the web. Regardless of whether you're sufficiently fortunate to be back in the workplace consistently, you might in any case be going about a lot of your responsibilities on the web and collaborating from a distance. You're additionally […] February 22, 2022February 22, 2022 Saving Bookmark this article Bookmarked
5 Steps to a Comprehensive AML Programme Don’t let the title fool you. Establishing a comprehensive AML Program may involve “Five Steps” – but the steps are giant. We’ll break them down, but each area is time-consuming and takes a focused mindset. We don’t suggest holding someone new to the AML profession solely responsible for implementing an AML Programme. Senior Management needs […] February 22, 2022February 22, 2022 Saving Bookmark this article Bookmarked
Why Your Business Needs An Anti-Money Laundering Solution AML regulations have been changing rapidly in recent years, both in-depth and breadth. The AML 2020 Act, for example, includes the most sweeping changes in AML laws since The Patriot Act was passed in the wake of 9/11 in 2001. Among other changes, the new act focuses on: Eliminating anonymous holding companies Expanding its definitions […] January 6, 2022January 6, 2022 Saving Bookmark this article Bookmarked
Effective AML Training in Four Steps Anti-money laundering training (AML) is a critical part of any business that operates in the international financial sector. Any allegations of money laundering involving your organization can cause serious reputational damage, incur severe penalties, and significantly damage one’s career. As the AML Compliance Officer, Money Laundering Reporting Officer, or Risk Manager of your company it […] January 6, 2022January 6, 2022 Saving Bookmark this article Bookmarked
Due Diligence – Physical Security and Visitors With the prevalence of cyber-related attacks and data breaches, it is easy for the focus of small business leaders to be drawn away from the physical security of their organization. But without a solid base of physical security, the policies and procedures we put in place to mitigate cyber-attacks become useless. When implemented correctly, physical […] December 21, 2021December 21, 2021 Saving Bookmark this article Bookmarked
5 Key Components of an AML Compliance Program Security controls continue to advance in order to keep financial businesses stress- and fraud-free. Though, not everything in the garden is rosy: incorporating new measures doesn’t come as smoothly as it should. Business owners have to invest their time and resources in renovating their Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies, building compliance […] December 21, 2021December 21, 2021 Saving Bookmark this article Bookmarked
What is anti-money laundering compliance? An anti-money laundering program is a set of regulations and procedures that financial institutions follow to prevent and detect money laundering or terrorist financing activities. Request demo AML Compliance Software at SILO Compliance Systems. November 16, 2021November 16, 2021 Saving Bookmark this article Bookmarked
Acuris Risk Intelligence partners with SILO Compliance to boost AML Investigations Acuris Risk Intelligence, a provider of data intelligence and cybersecurity professionals, recently announced its partnership with diligence management solutions provider SILO Compliance System to enhance Anti-Money Laundering (AML) efforts. Based in the Cayman Islands, SILO Compliance is a comprehensive and risk-based diligence management solutions platform, providing its services to corporate service providers, law and accounting […] November 16, 2021November 16, 2021 Saving Bookmark this article Bookmarked
Your Company Needs AML Practices In business, one of the most important assets that you have is capital. Every company looks for ways of generating more revenue, but there are limits to how your company can acquire and use its money. If you are not careful, money laundering could become a serious problem that puts the future of your company […] October 17, 2021October 17, 2021 Saving Bookmark this article Bookmarked
Methods to Shore up your Anti-Money Laundering Training Most industries now require all staff and management to undergo anti-money laundering training annually. Banking, insurance, law and accounting firms, trust and corporate services providers and others have anti-money laundering regulatory obligations and ongoing AML training requirements. This is because these industries are often dealing with high value transactions, international banking transactions and complex corporate […] October 17, 2021October 17, 2021 Saving Bookmark this article Bookmarked
Assessing the Risk Categories In a previous newsletter I spoke on three basic steps required when conducting a risk-based approach risk assessment of your business. Step one was to assess the risk of the four different categories within your business which include clients, products, countries, and channels. The second step was to determine what your business’ risk appetite is. […] September 16, 2021September 16, 2021 Saving Bookmark this article Bookmarked
Cyber security risk analysis Cybersecurity article series: Cybersecurity risk analysis Staff training Detecting a breach and immediate action Recovering from a breach Cybersecurity risk analysis The first in our series of articles on cybersecurity will cover aspects of risk analysis for your business. Risk analysis is something that everyone in the world of regulatory compliance and AML is familiar […] September 16, 2021September 16, 2021 Saving Bookmark this article Bookmarked
Completing IT Risk Assessments In the world of Compliance, risk assessments are the foundation of a protected business. Knowing what risks are out there, how to mitigate them, and what your risk appetite is, will all help to ensure vulnerabilities and shortfalls can be addressed and managed properly. Just like with compliance, IT risk assessments are especially important because […] August 23, 2021August 23, 2021 Saving Bookmark this article Bookmarked
How to Find Your AML Compliance Gaps As an avid reader, my favorite genre is mystery. A good mystery writer will drop a clue now and then, just enough to keep me guessing, and occasionally I may be able to figure out who did the deed once I reach The End. However, as much as I love a good mystery, a compliance […] August 19, 2021August 19, 2021 Saving Bookmark this article Bookmarked
After Action Reviews for Cyber-Attacks After countless man hours and additional funding put in place to protect your business from cyber-attacks, there will always be residual risk of a breach. If a breach still happens after all the hard work you and your team put in, it would be easy to resign yourself to the fact that it was all […] July 20, 2021July 20, 2021 Saving Bookmark this article Bookmarked
Anti Money Laundering Compliance System SILO is Designed to Make AML Compliance Simpler, Faster, and More Comprehensive. If you’re constantly updating spreadsheets to manage your Anti-Money Laundering customer due diligence obligations, SILO Compliance System is for you. AML compliance is too important to be managed on a spreadsheet or through a “module” bolted on as an afterthought to an accounting […] July 20, 2021July 20, 2021 Saving Bookmark this article Bookmarked
Recovering From A Breach Cybersecurity article series: Cybersecurity risk analysis Staff training Detecting a breach and immediate action Recovering from a breach Even after going through months and years of training your team to prevent and detect data breaches, it is of course still possible that your business gets added to the ever-growing list of victims of a hack. […] July 8, 2021July 8, 2021 Saving Bookmark this article Bookmarked
