Anti-Money Laundering Solutions for Precious Stones, Precious Metals, and Luxury Industries
Protect Your Business with SentroWeb® AML/CFT/CPF Solutions
Protect Your Precious Metals, Precious Stones, and Luxury Business from Money Laundering
The precious metals, precious stones, and luxury brand sectors are highly vulnerable to money laundering due to their high value, portability, and often anonymous transactions. Consequently, in some jurisdictions, these sectors are classified as Designated Non-Financial Businesses and Professions (DNFBPs) and are subject to Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Counter-Proliferation Financing (CPF) regulations.
To help you effectively detect and mitigate money laundering risks, Ingenique Solutions offers SentroWeb® AML/CFT/CPF software. This solution is designed to support dealers in precious metals and stones, including retailers, manufacturers, traders, dealers and luxury brands, ensuring their operations remain secure and compliant.
Challenges Faced by Precious Stones, Precious Metals, and Luxury Industries in AML/CFT/CPF Compliance
Complexity in Due Diligence
The high value and liquidity of precious metals and stones make them attractive targets for money laundering. Anonymous transactions and proxy buyers, coupled with the complexity of supply chains, further obscure the origins of funds, complicating due diligence efforts.
Lack of AML/CFT Compliance Expertise
Dealers in precious stones and metals may lack the experience and comprehensive guidance in AML/CFT/CPF compliance, particularly in regions where regulations are newly implemented. This knowledge gap can result in inconsistent practices and vulnerabilities to exploitation.
Integrating Compliance into Daily Operations
Implementing compliance measures can hinder daily operations, especially when interacting with retail customers. Striking a balance between compliance requirements and operational efficiency is a critical concern, impacting service delivery and overall productivity.
Key Features of SentroWeb®
Designed to Solve Your Biggest Challenges for Dealers in Precious Stones and Precious Metals
Screening Buyers & Partners
Instantly screen buyers, suppliers, partners and their associates against global watchlists, sanctions lists and PEP (Politically Exposed Persons) databases to identify potential risks.
Customer Due Diligence (CDD)
Simplify your due diligence processes with our step-by-step guided Customer Due Diligence (CDD) module to identify and access buyers, suppliers and partners risk profiles.
Automated Ongoing Monitoring
Effortlessly monitor the risk levels of the buyers, suppliers, partners, keeping you informed of changes and enabling you to take immediate action to mitigate risks.
Relationship Mapping
Seamlessly visualize and uncover links of your buyers, suppliers, partners in Panama Papers, and relationships among entities and individuals, to gain valuable insights and make informed decisions.
Full Records and Reports
Store and export comprehensive, auditable reports that document your compliance efforts and risk assessments, ensuring thorough audit trails for regulatory inspections.
AML/CFT/CPF Training
Equip your team with the essential AML/CFT/CPF knowledge and the best practices through our regular training, ensuring the effectiveness of your compliance measures.
SentroWeb® Suits for All Precious Metals and Stones & Luxury Businesses
Mining and Production Companies
Processing Divisions
Retailers
Jewellery Manufacturers
Import and Export Traders
Intermediaries and Brokers
Special Offers
up to 20% Discounts*
New clients can enjoy up to 20% discounts* on SentoWeb AML/CTF Software.
Book a demo now to learn more!
* Discount rates vary by region and seasonal promotions.
Why Dealers in Precious Stones and Precious Metals Choose SentroWeb® AML/CFT/CPF Solutions?
SentroWeb® provides complete anti-money laundering functions with easy-to-use interface.
Cost Saving
Unlock all AML/CFT/CPF essentials in a single package.
Improve Operational Efficiency
Save more than 80% of the time taken for AML/CFT/CPF compliances.
Support from Professionals
Our local professional team provides support and training to empower our clients to succeed.
Highest Security Standards
We are ISO27001, 27017 & 27018 certified and ensure your data is secured at each stage.
Benefits of Using SentroWeb® for
Dealers in Precious Stones and Precious Metals
Protect Your Reputation
Demonstrate proactive measures to prevent money laundering, which helps maintain trust with clients and regulatory authorities.
Streamline AML Processes
Simplify and accelerate compliance tasks, allowing the companies to identify and mitigate AML/CFT/CPF risks effectively.
Maintain Compliance
Use SentroWeb® to support your compliance efforts, so you can focus on core business activities while ensuring adherence to AML/CFT/CPF regulations.
Trusted by 2000+ Customers world-wide
including Government Ministries, public listed companies and top leading firms in various industries.
Dow Jones partnership with Ingenique has been excellent. They are always finding new ways to leverage on Dow Jones data to bring innovative solutions in the risk and compliance space. Great job guys!
Further comparing different service providers, SentroWeb can offer a reasonable price in order to meet the AML law requirement. The platform is user friendly. We have referred a few business partners to use SentroWeb already.
Highly recommended to industry peers who require such a software in their day to day work. The team at Ingenique has been nothing but fantastic in guiding me on board and providing regular support.
Ready to Secure Your Precious Metals and Stones & Luxury Businesses?
Partner with Ingenique Solutions today to enhance your AML/CFT/CPF practices and keep your Precious metals and stones & luxury businesses secure from money laundering crime.
Contact us for a demo and see how SentroWeb® can fit your organization’s needs.
