Compliance Consultancy
Risk management and Consultancy firm

Monitoring and Reporting

Compliance Consultancy Central Compliance Monitoring and Reporting

Continuous business monitoring and reporting can save time and resources while improving organizational processes and operations.

In the context of financial institutions, appropriate measures must be taken to monitor financial relationships and transactions involving a high risk of money laundering or terrorist financing. Monitoring can be performed through manual or automated processes, or a combination of both, depending on the size of the business and risks involved.

Business Monitoring and Reporting chart

How can financial institutions monitor suspicious behavior?

Companies can efficiently monitor data by building on available resources and business processes, developing policies and procedures, and use critical analytics on past performance to design enhanced workflow mechanisms. Historic qualitative data might be the key to identifying figures that will help get a sense of what is at stake and properly evaluate previous methods.

For larger firms, it may be necessary to delegate the development of a monitoring system to an experienced technical team.

How can Pideeco help you with Monitoring and Reporting?

Monitoring and reporting can at times be burdensome for financial institutions, especially if the staff is not well trained, the quality of the data is low, and the monitoring systems are not tweaked to give the best results. Pideeco’s decade-long experience in compliance and the financial sector can help your company to:

- Evaluate your current monitoring processes and systems to create a gap analysis and a mitigating action plan.

- Set-up an efficient monitoring system tailored to your company’s size and needs.

- Draft or improve your monitoring policies and procedures.

- Tweak and improve your current monitoring systems to produce more efficient and precise results.

- Train your staff on how to operate the monitoring systems .

- Train your staff on reporting requirements.

- Execute the monitoring procedures and systems on your behalf.

- Execute reporting requirements on your behalf.

- Execute and report lookback exercises if required.

Let us know how we can help! We'll get back to you lightning quick!

You'd rather talk face to face? Complete the form and schedule a meeting

Was this service page helpful ?  
Monitoring and Reporting - Compliance Consultancy
Monitoring and Reporting

Continuous business monitoring and reporting can save time and resources while improv...

BMR Benchmark Regulation - Compliance Consultancy
BMR Benchmark Regulation

What is benchmark regulation?Following the Libor (London Inter-bank Offered Rate) sca...

Incident Reporting - Compliance Consultancy
Incident Reporting

No matter the area, accidents are sometimes inevitable. Effective procedures followin...

Risk Based Approach - Compliance Consultancy
Risk Based Approach

The Risk-Based Approach (RBA) is a methodology for prioritizing a company'...

Compliance Action Plan - Compliance Consultancy
Compliance Action Plan

Compliance, with the applicable legal framework, depends on the action plan t...

Adverse Media - Compliance Consultancy
Adverse Media

Adverse media, or negative news, screening is an essential process for financial inst...

UBO Register AML - Compliance Consultancy
UBO Register AML

In many nations, it is necessary to identify UBOs (Ultimate Beneficial Owners) to com...

Corporate Governance - Compliance Consultancy
Corporate Governance

Good corporate governance is essential to support business growth. Good governance pr...

Policies and Procedures - Compliance Consultancy
Policies and Procedures

What are policies and procedures?Policies and procedures are the backbone of a compan...

Regulatory Watch - Compliance Consultancy
Regulatory Watch

Most financial institutions agree that we live in an ever more complex regulatory lan...

Learning Management - Compliance Consultancy
Learning Management

The financial crisis of 2008 led the European Union to adopt new rules to inc...

Ethics and Standards - Compliance Consultancy
Ethics and Standards

The integrity of a company is important and can be strengthened by having well-define...

Compliance Risk Assessment - Compliance Consultancy
Compliance Risk Assessment

What is a Compliance Risk Assessment?A Compliance Risk Assessment (CRA) is the identi...

Get in touch with us - Compliance Consultancy
Get in touch !

We'll present you the technology to stop money laundering and terrorist financing

Central Compliance is the organization of all the compliance monitoring and controlling the professional activities of a given business or company thr...

Return to central compliance
Discover Pideeco Compliance Services and Business solutions for your operational business needs
Domain Experts
Stefano Siggia - Pideeco Network Partner
Stefano Siggia
Senior Consultant
Andre Figueira De Carvalho - Pideeco Network Partner
Andre Figueira De Carvalho
Junior Consultant
Pavel Matejka - Pideeco Network Partner
Pavel Matejka
Senior Consultant
Ruben Constantino David - Pideeco Network Partner
Ruben Constantino David
Junior Consultant
What are worldwide AML regulations for cryptocurrency ?
Ruben Constantino David

The popularity of cryptocurrencies has risen significantly in recent years, with more individuals and businesses using them for a variety of purposes, including international money transfers and online purchases. In order to protect the integrity of the global financial...

Read more Author What else ?
What are worldwide AML regulations for cryptocurrency ? - Pideeco Journal