At Flywheel Advisory, we are passionate about providing financial crime risk management solutions to our clients, not only to ensure compliance with regulatory requirements but to also safeguard the very core of their enterprises.
Criminals constantly seek channels through which to transmit proceeds of crime and fund terrorist activities using the global financial system. Flywheel Advisory supports organisations in bolstering existing internal controls, including training to prevent criminals from invading their systems to perpetrate financial crime.
A major challenge in managing financial crime compliance is balancing risk management with operational efficiency through innovation. Flywheel Advisory Managed Compliance Services provides regulatory compliance advisory, seasoned financial crime experts and technology solutions that enable organizations to meet regulatory requirements and control costs.
With vast experience in background checks, Flywheel Advisory provides a range of Enhanced Due Diligence reports to unearth risks associated with your potential business partners. This includes bribery and corruption risk, sanctions and terrorist related risk, ultimate beneficial ownership, operating and litigation history, adverse media checks, political exposure and foreign government relationships as well as modern slavery and human rights violation risks.
Do you know who you are doing business with? Protect your business from being used for money laundering and terrorist financing, meet regulatory obligations and reduce risk by screening your new and existing customers and business associates.
We provide you with due diligence tools and enterprise technology for onboarding, screening and monitoring third parties and trade partners. Screen against sanctions and PEPs lists, state-owned companies, adverse media and other specialized risk categories, with risk data trusted by the world’s biggest financial institutions.
Flywheel Advisory appreciates the fact that mitigation of money laundering and terrorism financing risk is best achieved through technology. To this end, Flywheel Advisory has partnered with providers of technology solutions for organizations to automate and effectively manage financial crime risks. Flywheel Advisory provides effective business assessment and recommends tools that help clients comply with regulatory requirements, detect and investigate unusual activity, and more importantly, deter criminals from permeating the clients’ systems.
To keep pace with today’s constantly evolving legal and regulatory environment, access to practical, reliable and up-to-date business and legal information is essential. However, securing such information can often be challenging for those investing or looking to do business in Africa. Flywheel Advisory has partners who bring you all the legal and regulatory information you need, to do business in Africa.
Non-Government Organizations (NGOs) are vulnerable targets of terrorist financing and money laundering. They enjoy public trust, have access to considerable sources of funds, and their activities are often cash intensive.
In addition, it is time and resource consuming to maintain up-to-date records of their community-based beneficiaries, their donors, suppliers, and partners. Yet, without accurate records, NGOs are unable to raise donations and perform other crucial operations.
Flywheel Advisory appreciates this and helps in:
Never has the need to equip staff with the tools and knowledge to identify compliance breaches been as important as it is now. We have developed training programs covering Anti-Money Laundering, Combating Terrorist Financing, Countering Proliferation Financing, Sanctions Screening, Suspicious Activity Monitoring and Reporting, Transaction Monitoring Rules, Bribery and Corruption risk and Know Your Customer checks. The training is delivered through Flywheel Academy, in-person, via live video classrooms, as e-Learning modules or as requested by our clients.
We provide financial crime risk management solutions to our clients, not only to ensure compliance with regulatory requirements but to also safeguard the very core of their enterprise from abuse by criminals.