Preparing for next year’s FIAU REQ

Now that the FIAU REQ deadline has passed, and you have hopefully submitted the required information in the questionnaire, it would be good to reflect on how easy the process was and whether things could be better for next year’s submission.

If you are not already an InScope-AML customer, perhaps this is the time to consider reaching out to us to discuss how we can help you make the process easier. Besides being experienced in migrating data from other solutions you may be using, we also assist through the provision of training and other support services which will make the process even more seamless.

If you are not yet convinced, just have a look at how you would get the information you would need to fill in the REQ with InScope-AML.

Do you want to know what the Total number of customers with an active business relationship is?

Here it is…

And what about the % of total customers who are Natural Persons & Legal Persons?

Voilà!

The percentage of Active customers that are Low Risk, Medium Risk and High Risk?

Just by pressing a few buttons…

And what about the number of Customers with cash-intensive businesses?

Easy….

The percentage of total customers and/or beneficial owners that are resident, or otherwise, incorporated or have their principal place of business in Malta, EU/EEA, Non-EU/EEA, High Risk Jurisdiction?

There is a report for that too…..

…..with Geography reports generated in line with FIAU definition of high-risk countries!

But not only that.

All reports can be filtered by business unit (CSP/Accounting)

And all reports can be downloaded to Excel!

And all reports support drilling down to list the clients represented by every statistic.

So you can see the 20 clients with low risk identified below….

…..and list them.

We have many clients in Malta, and all can vouch that our solution is an indispensable tool to manage AML Compliance as well as to generate the information required to fill in the FIAU’s REQ.

If you are not our customer and would like to learn more, then please reach out to us today.