• We are experts in AML compliance so you don’t have to be

    We specialise in financial crime prevention compliance and risk management and have deep domain expertise in this space. Our
    hard-fought and unparalleled experience has allowed us to design and build the AML/CFT Program Manual to meet your compliance obligations in an efficient, easy and affordable way.

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Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT)

Governments are under increasing international pressure, to refine, enhance and increase the obligations under existing AML/CFT regimes. Governments globally are also expanding AML/CFT laws to include other gatekeepers, which are increasingly being targeted by organised crime to launder the proceeds of their criminal activities.

As a result millions of organisation’s across a diverse range of sectors in all 200 Financial Action Task Force (FATF).

What is the AML/CFT Program Manual?

AML Accelerate has developed an AML/CFT Program Manual, combining years of knowledge and practical experience to quickly guide you to compliance into an easy to use platform tailored based on your organisation size, sector and jurisdiction.

This manual may be tailored to over 30 industry sectors, and follows a structured approach to assessing Money Laundering and Terrorism Financing risk based on established frameworks and methodologies. Simply provide answers to a series of guided questions and the platform will efficiently generate outputs and accelerate your AML compliance efforts.

AML Accelerate is offered as a software-as-a-service (SaaS) available as an annual license subscription stored securely in the cloud with Microsoft Azure, which is trusted by over 90% of Fortune 500 companies.

The AML/CFT Program Manual includes

  • Comprehensive information about your business that will contextualise your organisations ML/FT risk profile
  • A ML/TF risk assessment that allows you to identify, assess, mitigate and manage the real ML/FT risks faced by your business
  • An AML Program containing controls that address your legal and regulatory obligations
  • Customer Due Diligence standards that align local requirements and international best practice
  • An AML Operating Manual that guides you through the AML controls that you will be required to implement
  • Supporting documentation including a glossary of key terms, a country risk assessment containing over 200 countries and a reference library

Our team constantly monitors for changes in regulatory requirements, alerts users to these and maintains the AML/CFT Program Manual to include new guidance and ML/TF risk typologies or whenever law or regulations change, so users can be confident of continued compliance with AML/CFT law and regulation.

Outputs of the AML/CFT Program

  • Money Laundering and Terrorism Financing Risk Assessment

    To help you assess the risks your business faces.

  • Anti-money laundering program manual

    Providing you guidance on how to manage your AML/CFT risks.

  • Customer due diligence standards

    Outlines the know your customer collection and verification requirements.

  • Simple operational guide

    To help your team effectively and efficiently implement your AML Program.

  • Ongoing notifications of AML regulatory changes

    So you can revisit and refresh your AML/CFT program.

The AML/CFT Challenge

At the heart of AML/CFT law and regulation is the Risk Based Approach and a mandatory requirement to perform an Money Laundering /Financing Terrorism (ML/FT) Risk Assessment contemplating multiple factors to identify, assess, mitigate and manage ML/FT risks.

Based on the ML/FT Risk Assessment, organisations must then develop an AML/CFT Program of controls that is proportionate to the identified ML/TF risks and which clearly outline how the organisations address the mandatory requirements, including (but not limited to):

  • Governance and oversight of the AML program
  • Customer identification / know your customer
  • PEP and sanctions screening
  • Ongoing customer due diligence
  • Transaction monitoring
  • Suspicious activity and matter reporting
  • Employee due diligence
  • AML risk awareness training
  • Record keeping
This presents a significant challenge to regulated entities that often lack the skills, experience and resources to develop a comprehensive AML/CFT Program.

How we solve it

The AML/CFT Program Manual provides a structured process for a number of foundational and mandatory components to achieve compliance with AML laws and regulation.
  • Company Information
  • ML/FT Risk Assessment
  • AML Program
  • Customer Due Diligence (CDD) Standards
  • AML Operating Manual
  • Supporting Documents (i.e. glossary, country risk assessment and reference library)

The AML/CFT Program Manual is tailored to over 30 industry sectors and applicable to all regulated entities regardless of their size, industry sector or geographic location.

Using AML Accelerate’s proprietary methodology, the AML/CFT Program Manual leverages internationally recognised methodologies and frameworks to assessing Money Laundering (ML) and Terrorism Financing (TF) risk. The Programs follows a structured approach to document and develop controls to mitigate the ML/FT risks in an effective and efficient manner.

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