Nikita Veremeev
25.08.2025 | 6 min read
Updated: 25.08.2025
| Jurisdiction | Capital | Terms | Features |
|---|---|---|---|
| EU | €125,000+ | 3-6 months | MiFID II, ESMA, strict AML/KYC |
| Singapore | SGD 250,000+ | 2-5 months | MAS, digital procedures, fintech integration |
| South Africa | ZAR 1 million+ | 4-9 months | FSCA, local partners, focus on ESG |
Regulatory requirements for compliance and AML/KYC vary depending on the jurisdiction, determining reporting and control at subsequent stages.
Compliance and AML for Dealers: Regulation
Compliance and AML for dealers are an integral part of modern regulation aimed at preventing risks associated with financial crimes and money laundering. For successful and legal operations, dealers need to consider both basic standards and regularly updated AML and KYC requirements. In the following sections, we will look more closely at the key standards and requirements that market participants face.
AML and KYC: Standards and Requirements
Combating money laundering (AML) and implementing KYC: mandatory elements for all dealer companies. International standards (FATF, ESMA, MAS) require multi-level customer verification, automation of due diligence, and regular updates of anti-corruption control procedures. In the EU and Singapore, regulators conduct unscheduled inspections, assessing not only the formal existence of procedures but also their actual effectiveness.
The experience of COREDO has shown that the integration of automated solutions for AML not only meets the requirements but also speeds up client onboarding, reducing operational costs.
Thus, competent implementation of AML and KYC lays a solid foundation for further control of dealer activities and interaction with regulators.
Dealer Control and Reporting to the Regulator
Internal control procedures for dealers include: regular internal audits, preparation for regulatory audits, compliance automation, dealer reporting to the regulator, and implementation of incident management systems.
In the EU, quarterly transaction reporting is required, in Asia: mandatory internal control audits, in Africa, focus on preventing conflicts of interest and corporate governance.
The practice of COREDO confirms: transparent reporting and timely updates of procedures are the key to successfully passing any inspections.
Automation of Compliance in Fintech and Regtech
Modern digital platforms for dealer activities allow automating compliance processes, integrating AML/KYC modules, and conducting internal audits in real-time. The implementation of new technologies (fintech, regtech) reduces human error, speeds up data processing, and increases the profitability of dealer operations.
In one of COREDO’s projects for a client from the EU, a compliance automation system was implemented, which reduced the report preparation time from 10 to 2 days and improved the quality of internal control.