We are pleased to have Virtue Compliance, an expert Swiss compliance boutique, as a Community Partner. We spoke with founder Elena Scheller about AML regulation, compliance processes, and how AI is changing the compliance market.

Elena, can you describe the services you offer?

We offer compliance as a service for small and medium-sized enterprises. Besides dedicated compliance services, we also provide advanced compliance software. This software covers all AML requirements in a fraction of the time it takes to run compliance processes manually. With this state-of-the-art software, processes that used to take days or weeks can be completed in minutes.

What makes Virtue Compliance stand out from the crowd?

The way we save our clients time and money, not only through our software but also by working with freelance specialists to save resources. This allows us to offer our clients very competitive prices.

Our clients also like the fact that we are a small company built on strong relationships. Anyone who works with us will work with my business partner and myself. We pride ourselves in our strong connections with our specialists and our clients.

What are some common challenges in your industry?

Compliance is a necessity for companies, yet it's not something that generates revenue. Especially start-ups and small companies want to spend their time earning money, instead of wasting it on compliance. That's why it's important for us as a service provider to make the compliance process as fast and easy as possible for them. Hence why we work with the most advanced AI technology on the market.

In addition, this technology does an excellent job of helping us detect deepfakes. When working with end-users, there is always a risk of encountering deepfakes. For a human being it can be challenging, or even impossible, to detect them. That's why we rely on our AI tool to do this important part of the job.

How would your clients describe you?

I think that my clients would describe me as loyal, honest, and responsible. I always do thorough research and make sure that I'm well prepared. On a personal level, I'm not an extrovert, but I can lead a good conversation.

Get in touch today and find the right experts or partners to help you launch, manage, and grow your business!