Compliance Notice
Information about our compliance standards, data handling practices, and regulatory alignment.
Regulatory Compliance
AML Platform is designed to support compliance with anti-money laundering regulations, with particular focus on:
- Cayman Islands Monetary Authority (CIMA) requirements
- Financial Action Task Force (FATF) recommendations
- Common Reporting Standard (CRS) and FATCA obligations
- Suspicious Activity Reporting (SAR) requirements
- Know Your Customer (KYC) and Enhanced Due Diligence (EDD) standards
Data Handling and Security
Evidence Preservation
Our platform implements Write Once, Read Many (WORM) storage technology with S3 Object Lock to ensure:
- Immutable evidence storage that cannot be altered or deleted
- SHA-256 hash validation for data integrity verification
- Comprehensive audit trails with timestamps and user attribution
- Secure export capabilities with signed manifests
Access Controls
Strict access controls are implemented throughout the platform:
- Role-based access controls (RBAC) with principle of least privilege
- Multi-factor authentication for all user accounts
- Segregated SAR vault with restricted access logging
- Regular access reviews and automated deprovisioning
Data Processing and Privacy
Personal Data Protection
We process personal data in accordance with applicable privacy laws and regulations:
- Data minimization principles - collecting only necessary information
- Purpose limitation - using data only for specified compliance purposes
- Automated PII detection and redaction capabilities
- Data subject rights support where applicable
Cross-Border Data Transfers
When data is transferred across borders, we ensure appropriate safeguards:
- Standard contractual clauses for international transfers
- Adequacy decisions recognition where available
- Encryption in transit and at rest for all data transfers
- Regular review of transfer mechanisms and legal basis
Operational Compliance
Maker-Checker Processes
All critical compliance decisions implement maker-checker controls:
- Segregation of duties for case decisions and approvals
- Mandatory rationale capture for all decisions
- Timestamped approval workflows with user attribution
- Exception reporting for control bypasses or failures
Quality Assurance
Built-in quality assurance mechanisms ensure consistent compliance:
- Configurable QA sampling rates and review processes
- Automated validation checks and error detection
- Performance monitoring and SLA tracking
- Regular calibration and training support
Reporting and Documentation
Regulatory Reporting
The platform supports various regulatory reporting requirements:
- OECD XML format validation for CRS and FATCA reporting
- Automated SAR form population and submission tracking
- Board pack generation with compliance summaries
- Ad-hoc reporting capabilities for regulatory inquiries
Documentation Standards
All compliance activities are documented to regulatory standards:
- Comprehensive case files with supporting documentation
- Decision rationale capture and approval evidence
- Communication logs and correspondence tracking
- Training records and competency documentation
Disclaimer
Important: While AML Platform is designed to support compliance with applicable regulations, the use of our platform does not guarantee compliance. Organizations remain solely responsible for ensuring their compliance programs meet all applicable legal and regulatory requirements. We recommend consulting with qualified compliance professionals and legal counsel to ensure your specific compliance obligations are met.
Contact Information
For compliance-related inquiries, please contact:
Email: compliance@amlplatform.com
Address: TODO - Compliance Officer Address
Last updated: January 2025
Compliance Features
Built-in compliance capabilities across all platform functions
Platform designed specifically for Cayman Islands Monetary Authority requirements and standards.
Write Once, Read Many storage with S3 Object Lock ensures immutable evidence preservation.
SHA-256 hash validation and comprehensive logging for complete audit readiness.
Configurable retention policies meeting regulatory requirements across jurisdictions.