biznisinfo.mk

Metricity - software solution for preventing money laundering and terrorist financing

Written by Aleksandra Petrovska

Read original

Money laundering and terrorist financing is an issue that is gaining momentum globally and is becoming one of the hottest topics that is reported daily in the daily media in the direction of how the institutions obligated by the Law on the Prevention of Money Laundering and Terrorist Financing have not undertaken expected activities and activities and have indirectly or directly supported money laundering through their payment systems. In this way, they have paid financial penalties, lost their license to perform an activity or their reputation has been damaged.

The legal provisions in the Republic of North Macedonia are also defined and binding for many entities: financial institutions, legal and natural persons who mediate in real estate transactions, audit and accounting services, providing tax advice, providing services as investment advisors, notaries, lawyers, organizers of games of chance, Central Securities Depository, activity of accepting movable objects and real estate as collateral, etc.

IT company Dolare Technology is a modern company that has realized that domestic entities, as well as global entities, have a problem complying with legal provisions, verifying the identity of the client and the end user, as well as assessing the client's risk of money laundering and terrorist financing. They all lack a complete modern cloud base solution for preventing money laundering and terrorist financing that will solve their problems, facilitate decision-making, save them money and at the same time increase their profits by retaining risky clients. The software solution will be adaptable to any type of institution, regardless of size, whether it is a small, medium or large entity, i.e. a corporation.

The company has complete knowledge for developing such an application and the team includes software engineers with experience in developing user applications, professionals in the field of preventing money laundering and terrorist financing who have worked for many years in international institutions, licensed international auditors and experts in risk management.

It is precisely the diverse rich experience that makes this Metricity IT application perfect. What IT companies do together with their clients, the company offers as a complete solution that contains the legal provisions of the Law on the Prevention of Money Laundering and Financing of Terrorism.

It is much simpler to make an IT application by individuals who have already gone through the difficult path and who have experienced many shortcomings with any IT application. Clients also have the opportunity, in cooperation with the team, to implement their requirements in the application and receive many tips for more effective solutions. The experience is also the basis for cooperation with a partner from the United States of America, where, in addition to other software solutions, they also worked on software solutions for the prevention of money laundering and financing of terrorism intended for financial institutions in South America and Europe. The capacity and innovation were recognized by two institutions, the Fund for Innovation and Technological Development and the UKIM Accelerator, which with their financial support undoubtedly help this solution to take its most beautiful form.