External Money Laundering Officer
Fulfil your legal obligations with an external money laundering officer with expertise, experience and full accountability.
This is how a External money laundering officer
Regpit provides experienced AML experts who take on all the tasks of the money laundering officer, from analysing risks and monitoring internal processes to communicating with supervisory authorities such as the FIU or BaFin. An effective solution for companies without their own compliance department.
External Money Laundering Officer and Deputy
Our experts take on the role of money laundering officer for you professionally and reliably.
You focus on your core business, we take care of your money laundering compliance.
Risk management
You focus on your core business, we take care of your money laundering compliance.
- Appointment of an external money laundering officer and deputy (if applicable, also at Group level)
- Preparation, review and regular (annual) update of the risk analysis
- Development of internal policies, procedures and controls and their regular review and updating as necessary (on money laundering prevention and, where applicable, other criminal offences)
- Establishment of a suspicious activity reporting system and registration with goAML (if not already done)
- Control plan in accordance with the requirements of the supervisory authorities
Know Your Customer (KYC)
You focus on your core business, we take care of your money laundering compliance.
- Know-Your-Customer-Checks
- Design of an efficient KYC process
- Support with KYC tool implementation
Internal/external Revision & Reporting
You focus on your core business, we take care of your money laundering compliance.
- Reporting (annually and ad hoc if required) to the Executive Board
- Contact person for supervisory and law enforcement authorities
- Contact person for internal and external auditors and employees
- Reporting to Group companies (if applicable)
- Information for the management in all matters relating to money laundering prevention and sanctions management
Regpit connects all Expertise with each other:
Germany's leading experts
Outstanding expertise in the area of money laundering prevention.
Process control
We are experienced in the implementation and optimisation of AML processes.
Digitisation
We digitalise, automate and simplify complex money laundering processes for our clients.
Understanding the industry
We have a comprehensive understanding for industry-specific challenges.
Regpit provides you with an experienced external money laundering officer - for full AML compliance, maximum relief and absolute legal certainty.
Package Money Laundering Officer
The packages differ in terms of the number of hours our money laundering experts are available, depending on your requirements.
Package S
Typical customer groups for this package are
- Small venture capital funds
- Holding companies
Package M
Typical customer groups for this package are
- FinTechs (e.g. small or medium-sized ZAG institutions)
- Larger venture capital funds
Package L
Typical customer groups for this package are
- Larger FinTechs
- Asset Manager
- Crypto-Asset Service Provider
Selected References
With our efficient approach, we have already supported obligated parties from various industries on their way to money laundering compliance.
Financial sector and KAGB companies
International financial institutions, asset managers and KAGB companies with locations in the USA, England, Asia and Europe
FinTechs and payment institutions
Global digital financial solutions
for different industries, both B2B and B2C
Financial companies and associated companies
Internationally positioned financial companies and holding companies with shareholding structures in the financial and non-financial sector
Property sector
Europe's leading estate agents and international property platforms
You are only looking for a Short-term solution?
Sometimes a Money Laundering Officer only required for a transitional period, for example in the event of staff shortages or during a replacement. In this case, Regpit provides a Interim Money Laundering Officerwho fulfils your obligations without interruption.
Your Contact persons
Our team of more than 20 experts is there to support you personally: with in-depth expertise, practical experience and personalised advice on all aspects of your compliance solutions.
Dr Jacob Wende
Managing Director / AML - Expert
Jan-Wolfgang Kröger
Head of Experts
Ludovica Bölting
Senior Associate - AML / AFC
Alexander Ebel
Manager - AML / AFC
Abbas Hussain
KYC Specialist
Louisa Lippold
Chief Product Officer / AML - Expert
Talk to our compliance experts
Our experts will personally guide you through the Regpit platform, show you the functions in use and advise you individually on the appropriate modules and possible applications.
free of charge & non-binding
Discover our other Solutions
Choose flexibly: individual modules or customised combinations.
KYC/KYB Solution
The KYC- and KYB software from Regpit enables fully digital onboarding: Including automated PEP and sanctions list checks, identification of beneficial owners and provision of up-to-date register extracts.
All processes are MLA-compliant, intuitive to use and, best of all, the end result is an audit-proof report that protects you during audits.
Ident Solution
With the Ident Solution from Regpit, you can identify people easily and securely: via Video-Ident, eID, account ID, on-site verification or Signature.
All procedures are MLA-compliant, ready for immediate use and can be integrated into your processes without any IT effort.
Monitoring Solution
Regpit's monitoring solution automatically monitors individuals and companies for Sanctions lists, PEP data and Adverse Media.
Changes are recognised immediately, documented and displayed as an alert so that you remain compliant and able to act at all times.
E-Learning Solution
With the E-Learning Solution from Regpit, you can train employees efficiently and in compliance with the law on all topics relating to money laundering prevention.
All content concludes with certified knowledge tests and leads to audit-proof certificates of participation.
Whistleblowing Solution
Frequently asked questions (FAQ)
What is an external money laundering officer?
An external money laundering officer (AMLO) is an outsourced compliance expert who assumes the duties arising from the Money Laundering Act on behalf of a company, e.g. risk analysis, suspicious activity reporting, training and communication with authorities.
Who needs an anti-money laundering officer?
Banks, financial service providers, estate agents, insurance companies, notaries and many other professional groups must appoint an anti-money laundering officer in accordance with Section 7 GwG.
When is an external money laundering officer worthwhile?
An external ARC is worthwhile if there is a lack of in-house expertise, capacity is scarce or independence is required. SMEs, law firms and start-ups in particular benefit from expertise on call without having to set up their own compliance team.
What tasks does an external money laundering officer perform?
The ARC prepares risk analyses, develops guidelines, monitors KYC processes, conducts training, submits suspicious activity reports (Section 43 GwG) and acts as an interface to the FIU and supervisory authorities, all in close coordination with the company.
Is the appointment of an external ARC legally permissible?
The Money Laundering Act permits the appointment of external money laundering officers if they are reliable, competent and organisationally integrated. Regpit ensures that all regulatory requirements are met.
Does an external ARC have to be reported to the supervisory authority?
The appointment of the external money laundering officer must be notified to the competent supervisory authority. Regpit will take care of all communication and registration on request.
How does the cooperation with an external ARC work?
The appointment of the external money laundering officer must be notified to the competent supervisory authority. Regpit will take care of all communication and registration on request.
How quickly can an external ARC be launched by Regpit?
Thanks to standardised processes and regulatory expertise, Regpit can be appointed as an external money laundering officer within a few days.
What does an external money laundering officer cost?
The costs depend on the size of the company, complexity and the amount of support required. Regpit offers transparent monthly flat rates or modular billing, with a high degree of predictability and no hidden additional costs.
What distinguishes Regpit from other external money laundering officers?
Unlike individuals or consulting firms, Regpit offers a digital platform plus regulatory expertise. The combination of software and personal support is unique on the market.
Can Regpit also only be appointed as a deputy?
Yes, Regpit can be appointed both as an external ARC and as a deputy. This is particularly important in the event of absence, capacity bottlenecks or as a safeguard during audits.
What are the advantages of an external ARC over an internal one?
An external ARC brings specialised experience, an objective view and full focus on AML, without operational blindness or conflicts of interest. It also saves internal resources and offers audited standards.
Which sectors benefit particularly from an external ARC?
Regpit primarily supports: financial service providers, insurance companies, leasing providers, VC companies and start-ups, law firms wherever money laundering prevention is necessary but difficult to map internally.
How does Regpit ensure the quality of external support?
All of Regpit's external ARCs are legally qualified, regularly trained and work according to standardised, auditable processes. This guarantees legally compliant advice and reliable implementation.
News from our Blog
Read our articles to find out more about your legal obligations and how Regpit can help you manage them.
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