AML PARTNERS, Florida and Colombian Representative
AML Surety-CDD Partners is an eight year old regulatory compliance and software firm based in New Jersey and New Hampshire, currently serving 38 financial institutions comply with the regulatory requirements of the Bank Secrecy Act and USA Patriot Act.
SURETY-CDD seamlessly integrates AML and CTF risk data collection and analysis into each client’s OnBoarding process. With SURETY-CDD, financial institutions may now possess and control cutting-edge risk based solutions to ensure successful due-diligence efforts.
Regarding FATCA specifically, in the U.S, financial institutions know about the expanded FinCEN rules in reference to beneficial owners. FATCA is all about beneficial owners of FFIs, NFFs, and large-balance accounts and investments owned by U.S persons and entities.
SURETY-CDD can electronically store all documents collected during CDD/EDD for e.g. Patriot Act Certifications, Articles of Formation/Incorporation, Business Licenses, Corporate Resolutions, W8, Signature Cards, etc. eliminating the need for folders and file cabinets.
CDD- Customer Due Diligence
EDD- Enhanced Due Diligence
FFI- Foreign Financial Institution
NFF- Non-Financial Foreign Entity