We have just launched AML Assist, an innovative and complete reporting platform to assist Credit Unions with their AML/ CFT transaction monitoring and reporting has recently, we developed it in response to transaction monitoring issues Credit Unions encounter regarding their AML/CFT compliance.
AML Assist is an easy-to-use reporting platform that will help credit unions identify and record suspicious transactions and activity. It is not an “off the shelf” platform, instead it is a bespoke platform, tailored to each credit unions exact monitoring requirements.
As Chartered Certified Accountants, we will stand over all reports generated and are compatible with Central Bank audit requirements.
Credit Unions such as Youghal and Dungarvan have found using AML Assist has significantly reduced reporting time, provides more clear and concise reports for their teams and gives the CU more reassurance that all suspicious transactions have been captured.
Patrick Heaphy, Manager, Youghal Credit Union who uses AML Assist currently said, “I would highly recommend AML Assist, it has reduced time on our transaction reporting and monitoring by over 55%, the reports are much easier to read and analyse”.
Commenting on AML Assist, Billy O’Dwyer said “We have been working with Credit Unions for some time in other areas such as Audit, GDPR compliance and by listening to their needs we developed AML Assist to help them with their AML/CFT transaction monitoring – we are delighted with how well it has been received and have several CUs signed up to date”.
ODP partners Billy O’Dwyer & Rachel Power at the recent AML Assist Launch.
If you would like to learn more about AML ASSIST and how it can benefit your credit union please contact Billy on (087) 9873332 or billy@odwyerpower.ie.