Welcome to Global Compliance

James Hughes,
Just a reminder that you still owe me my severance.
David Olenzak
dave at idevco.com

Global Compliance is the leading Anti-Money Laundering software specialist. We are helping clients through out Europe, the Middle East, and Africa (EMEA) region comply with the Financial Action Task Force (FATF) 40 recommendations to prevent money laundering, including local regulations and laws.

Global Compliance sells Sentinel, a premier software solution that assists many types of institutions to separate good customers from potential problem customers. Global Compliance has partnered with World-Check, the leading data source provider of sanctioned, political exposed persons (PEPs), and high risk individuals and entities.

Sentinel Benefits

Global Compliance is a Luxembourg based company providing hosted Software-as-a-Service (SaaS) Anti-Money Laundering solutions to clients around the globe. These clients are serviced out data centers in Washington, DC, the Cayman Islands, and soon out of Luxembourg. Global Compliance's flagship product, Sentinel, is known as Know-Your-Customer (KYC) software, a subset of a financial institution's overall Anti-Money Laundering (AML) compliance program. Increasingly, this is becoming part of Governance, Regulatory, and Compliance - a larger area of concern within large corporations. Sentinel software helps a financial institution's compliance officer answer the question: Is this person (or entity) who they say they are, and should I be doing business with them? Primarily is this of concern for adherence to the USA Patriot Act, the EU 3rd AML Directive, the Foreign Corrupt Practices Act, the UK Bribery Act, and many others. Most AML legislation stems from the Financial Action Task Force (FATF)'s 40 recommendations. This common basis provides a consistent level of required actions across jurisdictions - making a product like Sentinel possible.

Sentinel is being enhanced to extend monitoring from the legal and physical world into the cyber world. Enhancements are currently in R&D and details will be avilable shortly.

  • Mitigate risk associated with money laundering and terrorist financing;
  • Quick and easy remediation of matches due to uniquely structured data;
  • Data covers the full definition of PEPs, including family, front men, associates and business relationships;
  • Allows for regular risk screening of new and existing customers, vendors, employees, associates, payments, etc.;
  • Screen all existing customers quickly using automated customer on-boarding and batch processing;
  • Verify that existing customers have not been added to a sanction list using continuous customer monitoring;
  • Reduce matches target compliance resources by customizing screening processes to use specific "slices" of data;
  • Proof of due diligence provided by a full audit log;
  • Data sources updated daily.