Our PMLA Advisory Service is designed to assist businesses in India in understanding and complying with the provisions of the Prevention of Money Laundering Act (PMLA), 2002, and its subsequent amendments. This advisory service aims to help organizations establish robust anti-money laundering (AML) compliance programs to prevent financial crimes and ensure regulatory adherence.
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⦁ Regulatory Guidance : Our team of experts provides comprehensive guidance on the provisions of the PMLA and other relevant regulations. We help businesses understand their obligations and implement effective compliance strategies.
⦁ Policy Development : We assist organizations in developing and updating policies and procedures tailored to their specific business activities and risk profiles. This includes KYC (Know Your Customer) policies, transaction monitoring procedures, and reporting protocols.
⦁ Risk Assessment : We conduct thorough risk assessments to identify potential vulnerabilities and areas of exposure to money laundering and terrorist financing risks. Our experts work closely with businesses to mitigate these risks and strengthen their AML frameworks.
⦁ Training and Awareness : We offer training programs and awareness sessions for employees to enhance their understanding of AML regulations and best practices. This helps foster a culture of compliance within the organization.
⦁ Compliance Audits : Our team conducts periodic audits to assess the effectiveness of the AML compliance program and identify any areas for improvement. We provide recommendations and support for remediation efforts as needed.
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