Local regulatory and compliance risk experts, Comsure Group, have entered into the government services market with a deal providing pioneering risk centred, cloud-based technology for a new European citizenship programme.
Comsure Group has been commissioned to implement their leading product iTrackRisk, an online risk assessment tool with sanction screening capabilities. The technology provides a cost-effective, secure, Governance, Risk and Compliance [GRC] solution that will allow governments to efficiently assess citizenship applications and make informed, risk-based decisions on the applicants.
The iTrackRisk tool was developed by the Comsure team in Jersey with the assistance of The Refinery, a Jersey based IT and communications company. The feature rich and flexible cost-effective product has been designed for all types of business sector and their associated risk assessments. For example, it is also being used by financial services in Jersey and elsewhere for their Anti-Money Laundering Risk and Sanction screening programmes; and since 1st July 2014, FATCA risk assessments and on boarding programmes are now being utilised.
Managing Director of Comsure Group, Mathew Beale, is additionally working with the market in the Seychelles to train members of the finance community in Anti-Money Laundering and Counter Terrorist Financing. The training is supported and endorsed by the Seychelles Financial Services Authority and the opening speech will be delivered by Minister Pierre Laporte, who is responsible for Finance, Trade and Investment.
Mathew Beale, Managing Director, Comsure Group, says:
‘Our technology has surpassed competitor’s offerings in cost, design, functionality and simplicity. iTrackRisk is entirely flexible and easily customisable for a range of clients from different industries, from the smallest business to government’s of any size.
Alongside our technology, we are expanding our training offering on a global scale. AML/CFT compliance has become increasingly complex and so there has never been more need for seasoned compliance personnel to train. I will be travelling to Mauritius and the Seychelles this summer to deliver workshops that provide up to date, current regulatory information, particularly in the areas of risk assessments, suspicious activity surveillance, customer due diligence, impact from emerging products/services, vendor management, and increasing AML/CFT program expectations.’
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