Collecting and retaining records and documents are a fundamental necessity of any compliance regime. Every CDD on-boarding process, constant vigilance monitoring, list screening and regulatory reporting workflow involves retaining of records and must be done so in a manner that is retraceable to satisfy compliance and audit requirements. Manual filing of such records is quite simply inefficient and insufficient.
FxOffice eDocuments allows for workflow creation and the implementation of control functions that will mandate users to collect, complete and file documents into FxOffice thus satisfying mandatory operating AML policy. Digitizing AML regimes through imaging and electronic document storage creates a complete compliance platform with streamlined collection, storage and access of KYC documentation for a traceable and audit-proof compliance program.