Solving the cost of AML/KYC compliance

GloRep (Global Reporting) solves the costs of compliance by providing an all-in-one cost-effective automated ID verification and compliance solution. This reduces the need for additional personnel required to achieve the various compliance requirements.

In addition, GloRep has an impressive collection of features that minimizes the need for multiple applications necessary to achieve full compliance.

The GloRep software solution does the job by delivering Automation that facilitates a seamless client onboarding experience. Clients are onboarded within a minute while all required scans and checks are completed in the background.

Reporting to the FIC is burdensome and time-consuming. Companies are required to file cash threshold reports (CTR), and suspicious activity reports (SAR) to the FIC via the goAML website. GloRep has simplified the reporting process by producing pre-formatted reports for uploading to the FIC goAML site. Direct FIC goAML integration can be achieved via the GloRep platform to streamline the process even further. Reports can now be submitted automatically in 30 seconds.

Automation is crucial when selecting a compliance platform. GloRep has an extensive API and webhook system that can be integrated into any 3rd party system or software platform to deliver effective compliance to businesses.

Reasonable pricing is at the heart of the GloRep team. GloRep can tailor costing according to your RMCP requirements and ensure you only subscribe to necessary features. Bulk processing solutions are available through the API.

Focusing on compliance inevitably leads to loss of income as businesses are not allocating resources to product delivery. Compliance requirements can weigh heavily on a business, potentially impacting profitability and diminishing overall value. Concentrate on your core operations while GloRep handles compliance for you.

Beneficial ownership (BO)
Establishing the beneficial owners of a business or trust has become a local and international legal requirement. GloRep software facilitates the ability to map out the beneficial owner structure of a business. Anyone owning 5% of the shares in a company is considered a beneficial owner, but this can often be disguised under layers of corporate cross-holdings and trusts. GloRep will chart out the corporate structure. GloRep has CIPC integration to obtain accurate information and simplify the process.

Complying with the FIC and regulatory bodies has never been simpler. GloRep can implement a comprehensive compliance solution that will free up valuable time and resources all at an affordable price.