Provides Compliance and Anti-Money Laundering consultancy and support to financial organizations. Services range from setting up the overall Organisation of the Compliance function down to streamlining of specific areas like Anti-Money-Laundering, Corporate Governance, Data Protection, Conflicts of Interest, Anti-Bribery, Client Risk Categorization, Risk Assessment etc.

Provides a customized Compliance and Anti-Money Laundering programme to organisations to ensure adherence to common practices and relevant laws & regulations.

Prepares a customised full-fledged anti-money laundering manual, for financial organisations and other businesses in line with best practices and relevant laws & regulations. The manual comprises of the procedures for identifying clients, record-keeping and updating, recognising and reporting suspicions of money laundering or terrorist financing, Education and Training, Anti-Money-Laundering Officer and staff responsibilities etc. Furthermore euTHOR undertakes to bring existing manuals up to date (be in line with common practices and the relevant laws & regulations).

Undertakes to carry out an AML Risk Assessment either when applying for a license or after they acquire it, identifying the degree of money laundering risks undertaken by organizations. The assessment includes products and services provided, the client base as well as other factors relating to potential ML risks. The outcome of this assessment will be a specific AML Risk Assessment report.

Undertakes audits of organisation’s AML compliance framework as well as a detailed audit of sample customer files and transactions. The audit includes a high level on-site review of the practices and the procedures followed by the organization including walk-through on specific aspects of the procedures/ manual, AML governance, Due Diligence and Client Identification, Client / transaction monitoring, Risk Based Approach, Regulatory reporting and Record maintenance and update.

Assists in developing and implementing an RBA methodology. Provides a system that will categorise the organisation’s clients depending on their AML Risks. The categorisation considers important factors such as country of residence/ operation, type of products used, client behaviour, etc.

euTHOR helps organisations to assess and develop their own Know-Your-Client policies and procedures. euTHOR can also assist in performing the necessary Client Due Diligence, including client file updating in order to meet the requirements of the law and the directives of the supervisory authorities and minimize the underlying risks.