Robert Frimet - How to Start A Successful Business

Robert Frimet built his legacy from the ground up. He is currently self-employed as the president of RMF Consulting Group, LLC, a successful company that he founded over a decade ago. Frimet is also involved with anti-money laundering matters domestically and represents hundreds of clients for over 10 years. You don't get that far in pursuing your passions without hard work, dedication and a lot of business smarts. Just as Frimet's clients come to him for advice in running their own companies, business hopefuls can follow these three tips for a more successful startup.

• Build a business that you believe in. If you're not passionate about your business's purpose, there's no point in starting it. Entrepreneurship is hard work and, during the days when you want to give up, your belief in the business's purpose is what will keep you going.
• Create a brand that goes above and beyond the competition. Almost every business will have competition, and it's important to out-do your competitors at all turns. A successful business isn't just better than the others, it's radically different and superior by leaps and bounds.
• Care for your business as though you'll own it for the rest of your life. Even if you plan on selling your business in the future, that shouldn't be the primary reason that you're starting it. A business that is built for longevity is more enticing to customers and future interested buyers alike. 

Successful business owners like Robert Frimet have learned dozens of lessons on their path to the top. While it's important to learn from people like Frimet, the best thing that a future business owner can do is to get started and to take that start seriously. If you believe in your business and you truly want it to succeed, chances are that it will.

 

Robert Frimet - What Is AML?

Anti-Money laundering, or AML, is a specialized program employed by financial institutions to detect, report and prevent the act of money laundering. AML regulation are enforced by the Financial Crimes Enforcement Network (FinCen), as the basis for anti-money laundering regulations. Anti-money laundering specialists, like Robert Frimet, protect their clients from money laundering crimes and ensure that those clients follow AML policies and procedures.

Some of the crimes that AML programs help prevent include:

• Drugs
• Human Smuggling
• Illegal Weapons
• Structuring
• Trade-based money laundering
• Casino- and gambling-based money laundering
• Real estate-based money laundering
• Digital currency misuse

Many countries produce annual reports that estimate the amount of money laundered during the reporting period. This practice became more wide-spread after the FATF began prompting countries to improve their anti-money laundering laws and the enforcement of those laws. Countries were prompted to criminalize money laundering, to encourage the investigation of potential money laundering, to work with other countries to solve money laundering cases and to require their banks and other financial institutions to keep reliable customer records.

Banks and other financial institutions are heavily regulated by AML guidelines, typically by mandate of national mandate. Most nations require financial institutions to scan for, and to report, any suspicious transactions. It is for this reason that customers are required to present a valid ID for all financial transactions.

Outside of the implementation of AML policies within financial institutions, Certified Anti-Money Laundering Specialists (CAMS) like Robert Frimet help business owners avoid problems with federal regulations regarding AML. CAMS stay up-to-date on the latest AML laws within a given nation, which allows them to provide the most useful services to their customers.

Robert Frimet - Traveling Safety for Beginners

Do you have the travel bug but little experience in how to manage the arrangements? Whether you’re traveling to the next town over or to another continent entirely, traveling can have a very therapeutic and enlightening effect, putting you in contact with new people and different ways of thinking. However, when you’re unaccustomed to travel, it can feel overwhelming to juggle all of the moving parts successfully.

Robert Frimet, a Certified Anti-Money Laundering Specialist (CAMS) and financial services expert, deeply enjoys traveling, even if it’s just to his next financial services educational seminar. Regardless of when or where you’re going, he knows that the following tips will keep you as safe as possible in your journeys.

Have copies of all major documents such as driver’s license, passport, and travel documents. Better yet, keep a photo of each document saved to your email should you need to access them in case of emergency.

Consider buying traveler’s insurance if you are traveling internationally to be certain that no matter where you are, you will be able to access a hospital without any exorbitant costs.
If you are traveling to a foreign country, conduct research to ensure that you have all of the correct vaccinations.

Always keep your belongings with you in public and invest in a purse or bag with zippers.
Bob Frimet is the owner of RMF Consulting group based in Las Vegas. He enjoys working with clients across all fields to provide the highest quality services regarding financial services information and education.