COREDO > AML consulting > AML Support and Outsourcing

AML Support and Outsourcing

Full-cycle AML support: from consulting to compliance function outsourcing

AML/compliance is a system of procedures designed to prevent the use of illicit funds, based on laws and international standards (FATF, IMF). It is mandatory for banks, payment institutions, crypto services, and other financial entities.

COREDO provides AML support and outsourcing, helping financial institutions implement and maintain fully compliant systems, track regulatory changes, and adapt solutions to business needs.

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Cost of the service
from 550 €

Our AML Services: Support and Outsourcing

COREDO’s AML support and outsourcing covers three directions: AML consulting (support), full AML outsourcing, and AML program development from scratch.

AML Consulting and Support

Comprehensive AML support including consulting, development and implementation of procedures, transaction monitoring automation, and staff training in line with regulatory requirements.

AML Outsourcing

Delegation of AML functions to COREDO: execution of procedures, monitoring, and reporting with full transparency and regulatory compliance, while ultimate responsibility remains with the company.

Compliance Programme Development

Design and implementation of AML/KYC systems tailored to the business model and jurisdiction, including policies, transaction monitoring, and customer due diligence procedures.

Who Needs Our Services

Our services are needed by credit institutions, financial institutions, payment institutions, and electronic money issuers. Also, cryptocurrency exchanges, custodial wallet providers, gambling operators, and betting services need AML support. Forex brokers, auditors, accountants, and tax consultants also require AML assistance. This is also needed by notaries, trust funds, investment companies, and real estate agents. With the adoption of AMLR, this circle expands to include CASP, crowdfunding platforms, and commodity traders.

Jurisdictions

COREDO has experience in international AML cooperation in the following jurisdictions:

Region	Jurisdictions	AML Focus
Central Europe	Czech Republic (HQ), Poland, Estonia	National AML legislation, AMLR
Western Europe	Spain, Portugal, United Kingdom	FCA, national AML rules
Asia	Hong Kong, Singapore	MAS, SFC, local AML

AML Compliance Beyond the EU

COREDO extends its expertise to key non-EU financial hubs where AML compliance is increasingly critical for global financial institutions and fintech companies.

Canada (FINTRAC)

Regulation is based on the PCMLTFA. Our support includes:

PCMLTFA Compliance: Developing AML/CFT programs and risk assessments.
MSB Registration: Support for money services business licensing and federal compliance.
Reporting: Filing STRs and reports for cash transactions exceeding CAD 10,000.
Audit Readiness: Proactive assessment of controls for FINTRAC inspections.

Switzerland (FINMA)

Compliance is based on the AMLA and banking standards. Our services include:

AMLA & CDB 20: Implementing KYC, PEP screening, and beneficial ownership disclosure.
SRO Membership: Guidance on joining Self-Regulatory Organizations and reporting obligations.
MROS Reporting: Preparation and submission of suspicious activity reports.
Regulatory Liaison: Coordinating with FINMA and cantonal authorities.

Dubai and UAE (VARA, CBUAE)

Comprehensive support within the UAE’s evolving legal framework:

CBUAE & goAML: Ensuring compliance with Central Bank mandates and goAML filings.
VARA Requirements: Specialized support for Virtual Asset Service Providers (VASPs).
DFSA & ADGM: Compliance management within Dubai and Abu Dhabi financial hubs.
National Risk Assessment: Implementing enhanced due diligence per UAE federal standards.

Comparison Table: AML Support and Outsourcing Options

Criterion	AML Support (Consulting)	AML Outsourcing
Essence	Consultations, procedures development, training	Complete execution of AML functions by external team
For whom	Companies with their own AML team needing expertise	Companies without compliance team or needing scaling
Result	AML procedures, trained staff, compliance recommendations	Functioning AML system: monitoring, verification, reporting
Payment model	One-off services (from EUR 130/hour)	Package rates (from EUR 550/month)
Responsibility	Shared (COREDO consults, client executes)	Operational — COREDO, final — client (per AMLR)

Pricing

Package Rates (Monthly Service)

Package	Hours	Cost	Extra Hour
Basic	5	EUR 550	EUR 110
Basic+	10	EUR 1,000	EUR 100
Standard	20	EUR 1,800	EUR 90
Standard+	40	EUR 3,200	EUR 80
Premium	80	EUR 5,600	EUR 70
Premium+	160	EUR 9,600	EUR 60

One-off Services for Urgent Matters and Audits

Class	Volume	Rate	Application
Basic	up to 5 h	EUR 130/h	Urgent consultations and clarifications
Standard	20+ h	EUR 100/h	Main analyses and procedure reviews
Premium	80+ h	EUR 80/h	Detailed checks and restructuring

All prices are listed without VAT. Note: one-off services differ from package outsourcing (from EUR 550/month) in structure — the former is suitable for consultations, the latter for ongoing AML function execution.

AML Audit

AML audit cost: from EUR 3,000/year (average price — EUR 10,000/year). Duration: 30–40 days from receipt of all documents.

How We Work

Analysis and Diagnostics

We study your current AML processes, determine applicable regulatory requirements, identify gaps and risks. For new companies — analysis of business model and regulatory environment.

01

Solution Development

We prepare a customized AML solution: policies, procedures, monitoring system, onboarding regulations. Each solution accounts for business specifics and jurisdiction requirements.

02

Implementation and Setup

We configure the AML system, integrate procedures into your business processes, conduct staff training. For outsourcing — we fully assume execution of AML functions.

03

Ongoing Support

Regular reviews, procedure updates in accordance with legislative changes, preparation of reports, consultations on emerging issues.

04

Our Experts

Grigorii Lutcenko

Head of COREDO's compliance team since December 2020. Grigorii is responsible for development and implementation of AML solutions, oversight of compliance processes, and coordination of the AML team. Education: Metropolitan University Prague.

Egor Pykalev

Senior Compliance Specialist at COREDO since February 2022. Egor works with clients on AML procedures, transaction monitoring, and KYC verification.

COREDO Advantages

Transparent Pricing.

Six package levels (from EUR 550 to EUR 9,600/month) and three levels of one-off services. Cost is known in advance — no hidden fees.

Interchangeable Team.

No sick leave, no vacations — your AML function works without interruption. Multiple specialists instead of a single employee.

International Experience.

Cooperation in eight jurisdictions: UK, Czech Republic, Estonia, Spain, Poland, Portugal, Hong Kong, Singapore.

Payment for Results.

You pay for ready-made AML solutions, not hours worked. Redirect focus to core business — COREDO ensures AML compliance.

Compliance with New EU AML Package.

COREDO’s solutions take into account AMLR, AMLD6, and AMLA requirements, including perpetual KYC, expanded obliged entities scope, and new outsourcing standards.

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Case Studies

Case 01AML Framework for Payment Institution in Poland.

A newly established payment institution in Poland needed a complete AML/CFT framework before filing for KNF registration. COREDO developed AML/CFT policies including KYC/KYB procedures, a real-time transaction monitoring system, and staff training materials. The framework was delivered in 8 weeks; KNF registration was approved with all AML controls in place.

Case 02MiCA Transition for Crypto-Asset Exchange in Czech Republic.

A crypto-asset exchange in Czech Republic transitioning to MiCA authorisation needed upgraded AML safeguards aligned with the new AMLR requirements. COREDO overhauled the existing KYC procedures, implemented AI-assisted suspicious transaction monitoring, and updated staff training materials. The compliance review passed without any deficiencies; the institution received full MiCA authorisation on schedule.

Case 03AML Remediation for Money Transfer Operator in the UK.

A money transfer operator in the United Kingdom faced FCA regulatory concerns about gaps in AML transaction monitoring. COREDO developed a targeted remediation plan covering technology upgrades, enhanced AML procedures, and staff training. Remediation was completed in 6 weeks; the FCA declined to impose sanctions following evidence of significantly improved compliance.

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Frequently Asked Questions

What AML services does COREDO provide?

COREDO provides complete AML support and outsourcing: AML consulting (consultations, procedure development, employee training), full AML outsourcing (monitoring, verification, reporting, due diligence), compliance program development from scratch, and AML audit (from EUR 3,000/year).

How does AML outsourcing differ from AML consulting?

With consulting, COREDO develops procedures and recommendations, and the company executes them independently. With outsourcing, COREDO fully assumes execution of AML functions — from client identification to preparation of suspicious activity reports.

How much does AML outsourcing cost?

Monthly packages start from EUR 550 (Basic, 5 hours) and go up to EUR 9,600 (Premium+, 160 hours). For urgent matters, consultations are available on an hourly basis — from EUR 130/hour. All prices are listed without VAT.

Who bears responsibility in AML outsourcing?

According to AMLR (EU) 2024/1624, final responsibility for AML/CFT compliance remains with the obliged entity. COREDO provides operational execution and complete documentation of outsourcing.

What companies need AML services?

Financial institutions, payment institutions, EMI, cryptocurrency exchanges, custodial wallet providers, CASP, forex brokers, auditors, notaries, trust funds, real estate agents, art dealers, and other obliged entities.

What is perpetual KYC (pKYC) and how does it differ from traditional KYC?

Unlike traditional KYC, which verifies client identity only at onboarding, perpetual KYC under AMLR mandates ongoing monitoring and periodic re-verification throughout the entire business relationship. Companies must implement automated triggers for risk reassessment — not just calendar-based reviews. COREDO helps integrate pKYC workflows into existing compliance infrastructure, ensuring real-time data accuracy and regulatory readiness.

Get Consultation

Need AML support and outsourcing for your business? Contact COREDO — we will diagnose your AML system and prepare a personalized proposal tailored to your regulatory requirements.

Contacts: +420 228 886 867 | info@coredo.eu | K Cervenemu dvoru 3269/25a, Prague, 130 00