AML & Compliance

Utilize our comprehensive AML solutions to ensure regulatory compliance and safeguard your organization against financial crime.

Workforce Solutions

Empower your organization with 161Dev's Workforce Solutions to optimize your human capital and drive sustainable growth in today's dynamic business landscape..

Business strategy
Technology
Process Optimization
Risk and regulatory
Environment, Social and Governance (ESG)

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Strategy

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Process Optimization

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Technology Implementation

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Risk & Regulatory

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Environment, Social and Governance (ESG)

AML & Compliance: Ensuring Your Business Integrity

At 161Dev, our mission is to provide thorough Anti Money Laundering (AML) and Compliance solutions that help institutions uphold the highest standards of financial integrity. We offer services across three primary categories, each designed to address specific AML and compliance needs.

Anti Money Laundering (AML)

Transaction Monitoring: We utilize advanced Transaction Monitoring (TM) systems to ensure real-time analysis of transactions, identifying and preventing potential money laundering activities. Our team implements proactive measures to keep your institution ahead of illicit activities.
KYC / CDD / EDD: With our KYC (Know Your Customer), CDD (Customer Due Diligence), and EDD (Enhanced Due Diligence) services, we ensure comprehensive customer vetting, compliance with regulatory requirements, and risk mitigation for high-risk entities.
Sanctions Screening / Filtering: Our solutions involve screening transactions against various international sanctions lists and watchlists, including OFAC, UN Sanctions, and the EU Terrorism List, ensuring your institution remains compliant and secure.
314a Screening: We provide 314a screening services, helping you identify and report potential matches with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) list.
AML Tools: By leveraging industry-leading tools such as Actimize, Oracle, SAS, and Accuity Fircosoft, we offer robust AML solutions that streamline your compliance processes.

Risk Management

BCBS-239 Regulations: Our risk management experts possess extensive experience in complying with BCBS-239 regulations, ensuring your institution maintains a strong risk management framework.
CCAR-Basel III & IV Recommendations: We support the implementation of CCAR (Comprehensive Capital Analysis and Review) and compliance with Basel III & IV recommendations, ensuring your institution meets capital adequacy requirements.
Dodd Frank Act Stress Tests: Our specialists assist with conducting Dodd Frank Act Stress Tests, helping you evaluate your institution's resilience to adverse economic conditions.
Oil and Gas: For institutions in the oil and gas sector, our experts provide customized solutions for data-driven decision-making in engineering and operations management.

Compliance

Data Migration & Cloud Computing: We excel in data migration and cloud computing, ensuring smooth data integration and compliance with the latest security measures.
Data Consulting: Our data consulting services offer valuable insights and investigative advice, empowering institutions of all sizes with data-driven strategies.
Reg Compliance: We simplify industry-specific regulatory compliance mandates, allowing you to concentrate on your core business activities.
Data Preparation: Our specialists clean, organize, and optimize raw data, preparing it for analysis and tailored reporting.
Model Generation: We help enterprises optimize data flow and harness the power of data modeling to maximize their information utilization.

At 161Dev, our diverse international team of subject matter experts is committed to designing customized AML and compliance solutions to help your company achieve its goals. From transaction monitoring to risk management and compliance, we offer innovative technologies and expert guidance to protect your institution's financial integrity.