Jenine Colmore-Williams is driven by a single purpose, protecting our borders and our communities from money-laundering & fraud.
Because money laundering is a cancer that directly attacks the foundation of our communities. And just like cancer, there is no upside or anything remotely positive that comes from it.
Money laundering is not like armed robbery or murder, where the effects are in plain sight, and the victims are easy to identify, it is a silent blight that slowly moves through our communities without being noticed for what it is, with its effects being blamed on everything but the actual cause.
New Zealand estimates that over $1.35 Billion dollars is laundered through businesses here every year, and that’s just NZ.
How many cancer drugs could Pharmac buy for $650 million?
How many more teachers, nurses, doctors and policeman could $650 million buy?
How much less tax would the average New Zealand person pay, if the government already had $650 million in its bank account?
And that’s just the tip of the iceberg.
If criminals couldn’t spend the money they stole from the public purse, chances are they wouldn’t waste their time.
Jenine has extensive experience and knowledge in the anti-money laundering and counter financing of terrorism (AML/CFT) space, both in New Zealand where she lives and internationally. In fact, while Dimension GRC started in New Zealand, it is now actively growing into South Africa, Australia, America and Asia.
With the New Zealand Government having implemented Phase Two, of New Zealand’s AML legislation – that focuses attention on lawyers, conveyancers, accountants, real estate agents, sports and race betting, and businesses that deal in certain high value goods – many are calling for new approaches to managing the complexity and cost of compliance. In addition to dealing with this level of complex administrative compliance work, which in most cases does not differentiate the client in the eyes of their customer, it is also seen as adding to the cost of doing business.
With organisations experiencing administrative volume increases of as much as 25 times, compounded by non-existent or ageing IT systems and processes, the cost of AML/CFT compliance is large and traditionally expensive.
It is our mission to empower businesses to join the fight, by making AML/CFT effortless and cost effective.
Enter Dimension GRC!
As Xero has done for accounting in New Zealand, Dimension GRC’s cloud-based software simplifies and removes the guesswork from the AML/CFT compliance process. This is done through harnessing the power of intelligent algorithms, automated customer identification and enhanced due diligence.
Simplifying it for the user, through a simple dashboard, customers can see at a glance the work that is needed to be completed in order to comply with the AML/CFT compliance process. This could be information required in order to complete the requirements for customer onboarding and profiling or the identification of suspicious transactions.
Dimension GRC has access to large scale data providers (typically only available to tier one banks) and other local and international providers, to assist with customer due diligence and customer risk profiling – all aimed to support a comprehensive AML/CFT policy.
Better still it is a full service offering with training around compliance procedures, processes and policies, while also having continual audit simulation to ensure their customers remain compliant as their business changes.
Along with Dimension GRC’s strong technological offering, the company is also anchored by a purpose-driven team of industry experts who deeply understands its audience.
* Department of Justice, 2019
Who is Jenine Colmore-Williams?
Jenine has a fascinating background with over 30 years’ experience improving the commercial, operational and people related processes of organisations.
Originally from Australia, Jenine has worked in the United Kingdom, AsiaPac, Europe, the United States and New Zealand covering a range of sectors including:
- Financial services
- IT – Telecommunications
Jenine has had a successful career to date and is now turning her focus to protecting the New Zealand lifestyle and way of doing business. Utilising her private and public sector experience along with her in-depth knowledge of systems and processes to reduce the opportunity for illegal money laundering activity, which is on the rise.
Protecting communities from the destruction that AML/CFT can cause, has become the mission.
Despite AML/CFT being a highly complicated and technical space, Jenine has developed the Dimension platform so it is simple to use, and the processes are easy to understand. This takes the heavy lifting away from businesses obligations to be compliant with money laundering laws, and enables them to focus on their core services.
Jenine is becoming a regular media commentator in this area. She is also a sought-after speaker for both management and boards helping organisations understand the legal implications of AML/CFT and its impact on communities.