Law is a mosaic of statutes, treaties, case law, Administrative Agency regulations, executive orders, and local laws. New laws are regularly introduced, old laws are repealed, and existing laws are modified, so the precise definition of a particular law may be different in the future from what it is today.
Our Experience
AML Policy and regulations, Program Design and Implementation
A money laundering prevention program is an essential element among the measures that financial institutions must implement to protect their operations and promote trust among their clients and partners. Viagold works with clients to design, implement, and refine comprehensive
AML policies and procedures as well as establish an overarching compliance strategy and culture including firm-wide training on AML compliance that reflects the latest regulatory and enforcement trends and industry best practices.
AML anti money laundering compliance
Complying with AML regulations requires taking a risk-based approach towards assessing the risks from doing business with customers and third parties. Viagold offers a broad spectrum of risk-based screening, monitoring, and due diligence solutions that suit the needs of AML compliance professionals. We provide tailored solutions commensurate with the level of risk involved, including: establishing policies, procedures and controls that are designed to detect and report instances of money laundering; client onboarding, and risk scoring; sanctions and negative news screening; monitoring; and open source public records research and enhanced due diligence on higher risk accounts. Overflow and Outsourced Customer Identification and Verification There are many advantages to outsourcing portions of your AML compliance program to Viagold .
More and more, in-house compliance professionals are faced with internal financial pressures and resource constraints while looking to build an effective and robust AML program. VG can help supplement your existing efforts and provide law and due diligence solutions capabilities around the world. AML Remediation Services Viagold helps clients expertly and efficiently resolve gaps and deficiencies in their AML compliance programs. We offer diligence remediation services to assist our clients with changes in the law and/or internal firm policies. Viagold also offers transactional remediation services, when clients may require a “look back” in order to evaluate inhouse performance and compliance.
Ongoing support - protection of personal data, gdpr compliance services
Complex and unforeseen situations often arise as part of the data processing processes of employees, clients and contractors. In order to protect against the negative legal consequences of errors and ensure data security, organizations – as part of subscription services – order the support of experts who not only respond to current needs, but also exceed expectations, supporting the monitoring of compliance with the GDPR.
Compliance Audit – The scope of the formal and legal audit of the GDPR
Analysis of the processing of personal data in relation to which the organization is a processor. Implementation of the rights of data subjects, including in terms of:
the right to access personal data,
the right to rectify and delete data,
the right to be forgotten,
the right to limit processing,
the right to data portability,
the right to object,
principles of automated decision-making in individual cases.
analysis of applicable policies and procedures for the processing of personal data.
Analysis of personal data processing processes in relation to which the organization is the data controller, incl. in terms of:
compliance with the law, fulfillment of the information obligation with regard to data subjects,
regulation of entrusting data for processing,
the right to be forgotten,
the rules for data transfers to third countries or international organizations, data protection by design and protection by default.
DPIA and risk analysis
risk analysis – it’s worth doing it right
GDPR implementation – GDPR implementation – the main idea
The main message of the GDPR is: the administrator (entrepreneur, decision-maker), protect personal data as you see fit, but do it effectively, because it is an expression of respect for another person and a way of building trust in your business, and also if you fail to comply with this obligation, we can severely punish you.
GDPR implementation – what to take care of
In-depth risk analysis for resources and processes.
Adequate security in the IT infrastructure.
Appropriate Data Protection Impact Assessment (DPIA).
Compliance with the information obligation.
Employee awareness – responsible approach to the applicable procedures and responsibility for the security of processed data.
Skillful selection of processors and conclusion of contracts guaranteeing data security.
Effective and efficient management of infringements.
Development of documentation describing the actual state, and not “painting” the grass green.
Designation of a person responsible for the maintenance of the system. Without it, the created mechanism will “rust” very quickly.
Do you need help in law?
Law is a mosaic of statutes, treaties, case law, Administrative Agency regulations, executive orders, and local laws. New laws are regularly introduced, old laws are repealed, and existing laws are modified, so the precise definition of a particular law may be different in the future from what it is today.
AML Policy and regulations, Program Design and Implementation
A money laundering prevention program is an essential element among the measures that financial institutions must implement to protect their operations and promote trust among their clients and partners. Viagold works with clients to design, implement, and refine comprehensive
AML policies and procedures as well as establish an overarching compliance strategy and culture including firm-wide training on AML compliance that reflects the latest regulatory and enforcement trends and industry best practices.
AML anti money laundering compliance
Complying with AML regulations requires taking a risk-based approach towards assessing the risks from doing business with customers and third parties. Viagold offers a broad spectrum of risk-based screening, monitoring, and due diligence solutions that suit the needs of AML compliance professionals. We provide tailored solutions commensurate with the level of risk involved, including: establishing policies, procedures and controls that are designed to detect and report instances of money laundering; client onboarding, and risk scoring; sanctions and negative news screening; monitoring; and open source public records research and enhanced due diligence on higher risk accounts. Overflow and Outsourced Customer Identification and Verification There are many advantages to outsourcing portions of your AML compliance program to Viagold .
More and more, in-house compliance professionals are faced with internal financial pressures and resource constraints while looking to build an effective and robust AML program. VG can help supplement your existing efforts and provide law and due diligence solutions capabilities around the world. AML Remediation Services Viagold helps clients expertly and efficiently resolve gaps and deficiencies in their AML compliance programs. We offer diligence remediation services to assist our clients with changes in the law and/or internal firm policies. Viagold also offers transactional remediation services, when clients may require a “look back” in order to evaluate inhouse performance and compliance.
Ongoing support - protection of personal data, gdpr compliance services
Complex and unforeseen situations often arise as part of the data processing processes of employees, clients and contractors. In order to protect against the negative legal consequences of errors and ensure data security, organizations – as part of subscription services – order the support of experts who not only respond to current needs, but also exceed expectations, supporting the monitoring of compliance with the GDPR.
Analysis of personal data processing processes in relation to which the organization is the data controller, incl. in terms of:
The main message of the GDPR is: the administrator (entrepreneur, decision-maker), protect personal data as you see fit, but do it effectively, because it is an expression of respect for another person and a way of building trust in your business, and also if you fail to comply with this obligation, we can severely punish you.