Testimonials

Check out what our clients have been saying about vCAMLO

“Since acquiring vCAMLO’s service in early 2011 we have had nothing but a great experience with the staff at vCAMLO. They are very knowledgeable and any time I had a question they are more than willing to help. They have provided ongoing training for our Board and Staff and help me with our day to day AML compliance.”

Donnie MacInnis, Assistant Manager, Bergengren Credit Union

“Participating in the vCAMLO pilot project was a value added experience for our credit union. vCAMLO took the time to understand our unique challenges, and through implementation of their outsourced solution, provided us with a complete anti-money laundering and anti-terrorist financing compliance program that has markedly improved our comfort level in complying with FINTRAC requirements. With the overall supervisory framework for compliance in place, and the day to day operations managed by vCAMLO’s trained team of subject matter experts and former regulators, we have been able to reduce the amount of time we spend on compliance tasks by up to 90%. This has allowed the senior AML staff at Consolidated to focus on those member and transaction types which present an elevated risk at Consolidated, and appropriately manage and mitigate those risks together with vCAMLO’s assistance. The training vCAMLO provided has enhanced staff understanding of their particular role in the compliance process at Consolidated, from the Board of Directors through to our front-line member-facing staff. vCAMLO further aided us by documenting the actual way we do things in an easy-to-understand policy and set of procedures, and responds to our request for guidance or clarity with practical advice. Overall we can say that by using vCAMLO’s outsourced compliance solution, we are more confident in our ability to achieve compliance with Canadian anti-money laundering and anti-terrorist financing regulatory requirements and industry best practices when it comes to reporting, record keeping, and member due diligence obligations.”

Linda Hardy, Chief Anti-Money Laundering Officer, Consolidated Credit Union
Summerside Branch, Prince Edward Island

Sandra Paynter, Assistant Anti-Money Laundering Officer, Consolidated Credit Union
Borden-Carleton Branch, Prince Edward Island