COMPLIANCE_
CRESCO HELPS YOUR COMPANY UNDERSTAND AND MANAGE MONEY LAUNDERING RISKS WHILE KEEPING YOUR BUSINESS PROFITABLE_
Businesses in the UAE need to factor in compliance risk in their assessments, and CRESCO gives them the tools to do this_
CRESCO offers its customers a comprehensive solution that will help minimize money-laundering risks, while being closely tailored to the size, activities, and existing processes of their business.
Today, awareness of money laundering and terrorist financing risks is an asset that businesses can use to set themselves apart from their competitors and to reduce their exposure to these hazards.
By applying the same prevention principles as financial institutions CRESCO can effectively bring its customers’ processes in line with international standards.
CRESCO Compliance uses LexisNexis and MEcheck databases for its KYC.
THE SERVICES_
Risk Analysis_
CRESCO studies the risks the customer is exposed to given its clients, products, jurisdictions, and existing procedures.
Design of Policies and Procedures_
CRESCO puts in place the policies and procedures required by public authorities to manage compliance risk, and does so without causing any significant disruption to the customer’s business.
Training_
CRESCO trains staff and management so they understand what money laundering is, how it happens, and how to prevent it.
Customer Screening_
CRESCO helps its customers run know-your-client assessments on prospective clients in order to identify their risk profiles.
