Dimension Grc

Since the company's inception, the founders of Dimension GRC have noticed a shift in the way reporting entities want to manage AML compliance. It was from there our full managed service was born. It was founded on the notion that reporting entities do not want to spend their time on compliance, eroding their time with clients, they wanted a reliable and sustainable outsource model. We believe reporting entities can comply with their compliance obligations and reduce cost — and that they can do it with without compromising their client’s experience. The Managed Service model:* The managed service keeps your risk assessment and AML programme up to date each year and embeds any regulatory change.* We manage full client onboarding and client/matter risk assessment.* ID and address verification * Entity verification and validation such as Limited Liability companies, trust and charities * PeP, Sanctions and Adverse media checks * Ultimate Beneficial Ownership and controlling persons review * Source of wealth and/or funds * Ongoing due diligence; this is automated and managed by us, on your behalf, in real time. This is done based on risk so we can ensure your ongoing due diligence obligations are being met especially for medium/high and high risk matters. We also manage expired ID automatically.* Assisting you in the preparation of your annual report allowing for seamless submission.* Organising and managing the completion of your statutory audit. NOTE: this only applies to the areas of your business we manage.* We provide an industry leading AML compliance platform, Vigilance where all matters and associated documentation are uploaded for easy access. We also connect seamlessly with ActionStep - this is free and optional.* We provide best in class bespoke training and reporting; training your staff will enjoy.