CYW SOLUTIONS expands financial compliance business into CYPRUS.

CYW SOLUTIONS expands financial compliance business into CYPRUS.

CYW managing director, Andrew Parr, announced today that CYW Solutions is expanding into Cyprus. 

The company was originally registered in Kington in the UK but closed that office because of Brexit problems and it is currently solely managed from the Cayman Island's office. 

Andy Parr says, "We had to close the Kington office in the UK because of issues with Brexit and because it was just a virtual footprint – we never conducted business from the Kington office. The new office in Paphos, Cyprus will give us access to the EU to expand our Anti-Money Laundering expertise to help regulated businesses cope with the rigours of AML legislation." 

CYW has recently developed software to help regulated firms manage customer risk and detect internal fraud and theft very quickly. The software allows encrypted messaging to encourage reports of illegal activity within the firm to its compliance or management team. 

The encrypted messaging application allows anyone who the firm gives access to it, to report wrongdoing internally, this cuts the opportunity for internal theft or fraud and stops losses. The firm can give access just to internal employees, or the wider business ecosphere, including suppliers and customers.

Andy adds, “The business is going from strength to strength and will help regulated firms manage KYC, whistleblowing and GDPR risks. We help regulated firms get a grip of their risk and work inside a process to ensure they do not become embroiled in customer led risk and attract the attention of the regulator.”

The company works in partnership with its clients to help them build compliance programs centred around innovative IT and improved employee skillsets. This includes writing policies, processes and procedures and also training documents and manuals. All can be stored securely via encrypted hosted environments.

“Our training service includes access to a learning environment to record who was taught what and when so the client can demonstrate a learning culture aligned to AML and CTF regulations. 

CYW Solutions is expanding internationally having recently been successful securing funding to further develop its bespoke software and financial compliance consultancy. For more information on how CYW Solutions can help you contact Andy Parr via the website.

Media Contact
Contact Person: ANDY PARR
Email: Send Email
Country: Cyprus

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