Compliance

Omnia Associates is a provider of independent compliance consulting services to financial companies. Our expertise includes anti-money laundering (AML) and counter terrorist financing (CTF) audits, fully outsourced compliance services, design and delivery of policies & procedures, bespoke AML/CTF training and compliance software.

WHAT WE DO

AML Audits

An independent audit function is one of the pillars of a complete AML/CTF program and this review process can be outsourced to Omnia Associates thus ensuring independence and professionalism for your firm.

Company Formation

 

Omnia Associates can incorporate companies in the Republic of Cyprus. Provision of registered office and bookkeeping/payroll services.

Outsourced Compliance

For financial companies, including funds. Omnia Associates can design a program that will ensure your firm is fully compliant with local and international regulations.

Policies & Procedures

The ever changing AML/CTF framework means updating and maintaining a relevant set of policies and procedures. Omnia Associates can assist with the design and delivery of these manuals in keeping with your jurisdictions legislation.

Bespoke Training

Our professionally qualified trainer can design the implementation of training seminars in-house for your employees. Note that in accordance with AML requirements, AML trainings must be provided to your staff on an annual basis as a minimum covering Compliance and Anti-Money Laundering issues.

Compliance Software

An automated risk evaluation software for rating the risk of potential or existing clients. Some of the parameters that is taking into consideration include; customer circumstances, business type, whether is PEP, source of funds, purpose of transactions, expected type of transactions and many more. Our software is for organizing and managing your Compliance Department and for giving an automated risk rating to your new or existing clients based on more than 40 parameters given by CySec, SELK, CYBar.

Audit Quality consultation

This includes the quality review of your existing audit programs, providing you with written feedback with recommendations for improvement of your methodology based on underlying ISA requirements, also taking into account any feedback provided from ICPAC reviews performed.

Ongoing support on Audit quality and AML compliance

  • AML trainings
  • Audit Quality trainings
  • AML Compliance reviews and assessments
  • Second review/ Quality review
  • AML Compliance Report