Your trusted
partner in regulatory transformation risk review and consulting.
ReTRRAC Global is a technology-driven global consulting and training company focused on compliance and risk assessment solutions. Headquartered in the United Kingdom, with operations in India and the UAE, we are dedicated to empowering businesses to comply with regulatory requirements.
Banks & Financial Institutions
Banks and financial institutions play a crucial role in combating financial crime by adhering to strict AML regulations. We deliver customised strategies and cutting-edge RegTech solutions to help you identify, prevent, and report potential risks. Our comprehensive services focused on AML KYC review, financial crime and risk management, risk controls and self assessment, transaction monitoring, regulatory reporting and compliance training. We provide full-spectrum support to keep your institution compliant, efficient, and proactive in mitigating risks.
Accountants & Bookkeepers
Accountants and Bookkeepers must complete the following requirements to ensure compliance with MLR 2017:
i. Firm-wide risk assessment (FWRA)
ii. AML policy and procedures (P&P)
iii. Transaction monitoring/Account activity review
iv. AML Training – training manual, certificates and training log
v. Customer Due Diligence (CDD) –Identity & address verification, Sanctions & proliferation financing searches, PEP and Adverse news searches
vi. Risk review, risk classification and mitigation
Lawyers & Solicitors
Law firms must regularly assess their exposure to money laundering risks through comprehensive Practice-wide, Client, and Matter risk assessments.To ensure compliance with MLR 2017, the following measures are essential:
i. Practice-wide risk assessment (PWRA)
ii. AML policy and procedures (P&P)
iii. Identify & verify the plausibility of source of funds (SoF)
iv. AML Training – training manual, certificates and training log
v. Customer Due Diligence (CDD) –Identity & address verification, Sanctions & proliferation financing searches, PEP and Adverse news searches
vi. Risk review, risk classification and mitigation
Estate & Letting Agency Business
The Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) set out specific requirements for estate and letting agency businesses to prevent their services from being exploited for illegal financial activities. These regulations mandate the appointment of a Money Laundering Reporting Officer (MLRO), the implementation of robust anti-money laundering (AML) policies and procedures, the performance of customer due diligence (CDD), the provision of comprehensive staff training, and the regular execution of risk assessments.
High Value Dealers (HVDs)
High Value Dealers are supervised by their respective regulators, such as HMRC in the UK. These businesses are required to meet the following requirements as part of their annual supervisory review:
i.. Risk assessment, policies, controls and procedures
ii.. Customer due diligence
iii. Reporting suspicious activity
iv. Record keeping
v. Staff awareness and Training
ReTRRAC Academy
At ReTRRAC Academy, our training programmes are tailored for Banks, Non-Banking Financial Companies (NBFCs), consulting firms and educational institutions. Our globally recognised CAFS™ certification enhances employee knowledge and supports individuals in advancing their careers in banking and compliance. As a CPD accredited organisation our training programmes are CPD certified.
Our success stories
We combine industry expertise and cutting-edge technology to go beyond the status quo to help our clients stay compliant.
Our Team
- Continuous Support
- Training & Hand Holding
- Regulatory Readiness
- Industry Knowledge
- Market Positioning
- Project Management
