1. Cloud Deployment on Microsoft Azure
SILO is hosted on Microsoft Azure in a region near your firm
Example: UK firms → UK South region
Region selection is fixed; changing later incurs migration costs
Cayman Islands users may prefer Canada over US for data residency
SILO team can assess latency and recommend optimal location
After deployment, security certificates are configured and login details are emailed
2. User Setup & Access Levels
Determine who will use SILO and assign roles based on responsibilities:
Senior Compliance – Full access, including admin controls
Junior Compliance – Broad access, no admin settings
Data Entry – Can input data, not edit compliance settings
Approver – Review and approve compliance files
Use the Setup Worksheet to guide role assignment.
Access levels can be updated later if needed.
3. Configuring Approval Levels
Approval levels ensure a second person reviews compliance files.
Assign each user an Approval Tier
SILO supports up to 5 approval levels
Recommendation:
Small firms: Use 2 tiers
Large firms: Use up to 5 tiers as needed
Do not assign multiple tiers to the same person—regulators expect independent review
Example:
Tier 1: Data Entry reviews completeness
Tier 2: Compliance Officer validates risk
Backup approvers can be configured during training
4. Configuring Drop-Down Menus
Customize dropdowns to reflect your firm’s processes. Editable dropdowns include:
Risk Ratings (e.g., High, Medium, Low or custom)
Services Provided (e.g., advisory, trust management)
Industries (mapped to reporting categories)
Notable Risks (e.g., sanctions, adverse media)
Jurisdictions (used for location-based risk)
Provide values in the Setup Worksheet
5. Assigning Risk Scores to Profiles
Each dropdown option can be assigned a risk score to automate the Risk Score calculation.
Risk-scoring fields:
Jurisdictions
Services Provided
Industries
Notable Risks
PEP Type
Risk scores can be configured anytime and revised as needed
6. Predefined Addresses
Save time and reduce errors by predefining commonly used addresses:
Useful for firms with recurring registered office addresses
Ensures consistency across profiles
Set up via Setup Worksheet
7. Business Types
Use Business Type to classify clients for filtering and reporting.
Examples:
CSPs: LLC, Ltd., PLC
Financial Institutions: Fund, Charity, Foreign Co.
If unsure how to structure categories, SILO support can advise
8. Final Checklist & Support
Confirm access levels are correctly assigned
Review and finalize risk scores and labels
Submit predefined addresses
Align dropdowns with firm services and client types
Need help? Contact us at [email protected]