iSPIRAL supported as a sponsor two in-depended half day seminars organised by the Cyprus Fiduciary Association on the subjects of Risk Assessment, Sanctions and Transaction Monitoring, in Limassol and Nicosia. (15th May and 17th of May respectively)
The objective of the seminars was to inform participants of the principles of a Risk Based Approach and its application in everyday processes of a Trust and Company Service provider. They also highlighted the key factors affecting the risk of a client from an AML perspective and the importance of Transaction monitoring throughout the client – company relationship cycle.
iSPIRAL with its high impact Transaction Monitoring Solution can contribute extensively to the implementation of such said risk based approach. Christos Ttiniozou, Managing Director of iSPIRAL presented the functionality of the Transaction Monitoring Solution, a highly functional and intuitive tool which enables companies to record any type of transaction and identify suspicious activities with the configuration of Transaction Monitoring Rules. Participants also had a first hand opportunity to get acquainted with the Negative List Screening Solution within the https://www.ikyc.eu platform.