The world’s first software-as-a-service (SaaS) Money Laundering Risk Assessment Tool
The Money Laundering Risk Assessment Tool makes it easy to identify, assess, mitigate and manage AML/CFT risks
How well do you manage the risks of a risk-based approach?
AML/CFT laws are in-part both principles-based and risk-based. The risk-based approach essentially provides flexibility for regulated entities to design and implement systems, procedures and controls that are proportionate to the money laundering or terrorism financing risks that their business typically faces.
The challenge for regulated entities in identifying, analysing, mitigating and managing money laundering and terrorism financing risks is not insignificant even for organisations with mature AML/CFT Programs, but is particularly challenging for newly regulated organisations that often do not know where to start in designing a robust and defendable AML/CFT Risk Management Framework.
After more than a decade of managing financial crime prevention programs for some of the world’s most successful financial institutions, our subject matter experts have designed the AML/CFT Risk Assessment which contains hundreds of risk factors that have been specifically tailored to over 25 industry sectors but has the flexibility to allow organisation’s to add risk factors, add risk categories and apply relative weightings to these risks to reflect the relative importance of each.
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Contact us and we will provide you with access to a limited functionality no obligation free trial today!