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

CIMA Alignment

Platform designed specifically for Cayman Islands Monetary Authority requirements and standards.

WORM Evidence Storage

Write Once, Read Many storage with S3 Object Lock ensures immutable evidence preservation.

Audit Trail Integrity

SHA-256 hash validation and comprehensive logging for complete audit readiness.

Data Retention Compliance

Configurable retention policies meeting regulatory requirements across jurisdictions.