Through co-sourcing, companies may delegate certain parts of a function, process, or recurring activity. Your company is able to complement the business with expertise, resources, independence and continuity while retaining overall responsibility and control.
As an effect of new and challenging rules, issued sanction decisions and the fact that AML/CTF is now a hot topic in media and society at large – it is certainly a challenge for many to find the right competence within AML/CTF. In small and medium sized companies, it may not always be cost efficient to hire such a narrow specialist.
Through co-sourcing, the company can maintain control of the function while at the same time strengthening its independence, ensuring continuity, increased accessibility and both deeper and wider competence.