ANTI-MONEY LAUNDERING HEALTH CHECK

What is the Anti-Money Laundering Health Check?

The Anti-Money Laundering Health Check solution is an online platform dedicated to controls assurance and provides a structured framework for conducting independent reviews to assess the design and operational effectiveness of anti-money laundering and counter-terrorism financing programmes.

The Anti-Money Laundering Health Check platform has been designed to leverage best practices in risk management controls assurance and was built based on a logical hierarchy that links rules and obligations, with policies, risks and controls and provides a means of assessing compliance against obligations, prioritising responses, providing auditor comments and management responses, as well as, assigning actions and attaching documentary evidence to support audit findings.

After the assessment has been completed for each compliance obligation users can create executive summary reports directly from the platform, highlighting the key observations, findings and recommendations, as well as, actions, issues and risks identified during the review process.

The Anti-Money Laundering Health Check platform also contains rich data analytics that provide actionable business intelligence including; real-time operational dashboards for tracking open and outstanding actions, issues and risks; interactive reports which can slice and dice audit data in many ways including, drilling into particular areas of interest, as well as, benchmarking audit outcomes across different timeframes, divisions and countries, it can even summarise on a single page the compliance status across hundreds of compliance obligations.

ANTI-MONEY LAUNDERING HEALTH CHECK

How it works

In four easy steps you can configure and conduct the health check assessment, then report and analyse the findings.

Step 1
Configure the obligations and controls to suit your requirements.

Step 2
Conduct the assessment, mapping operational procedures to obligations and performing control effectiveness testing.

Step 3
Draft the report summarising the key findings, observations, recommendations and management actions.

Step 4
Analyse the outcomes using real-time operational and dashboards to benchmark compliance outcomes.

  • CONFIGURE

    • Bring your own content or

    • Buy content modules
    • Obligation registers and Controls library

    • Configure platform to suit your needs
  • CONDUCT

    • Define assessment context

    • Map internal policies to obligations

    • Conduct controls testing

    • Assess level of compliance

    • Document actions and issues
  • REPORT

    • Draft executive summary report

    • Draft key findings and observations

    • Make recommendations

    • Seek management responses

    • Edit, review and publish the report
  • ANALYSE

    • Compliance dashboards

    • Operational dashboards

    • Breach and incident dashboards

    • Data analyser, benchmark compliance

    • Enterprise data analytics
  • IMPLEMENT / OPERATIONALISE

    • Then simply review and refresh, returning to the first step.
ANTI-MONEY LAUNDERING HEALTH CHECK

What are the key features?

  • Structured workflow for managing audits of compliance programs

  • Obligations registers maintained by experts, or import your own

  • Full audit trail across the end-to-end audit lifecycle

  • Perform control testing from a library of hundreds of controls, or import your own

  • Track and manage actions, issues and breach reporting

  • Obligations registers maintained by experts, or import your own

  • Highly configurable to tailor the audit framework to suit your needs

  • Flexible deployment options - fully-hosted or deployed on-premise

ANTI-MONEY LAUNDERING HEALTH CHECK

Why choose our product?

Audits conducted on spreadsheets can make reporting and benchmarking very difficult. Knowing what to audit can be a challenge with experts in short supply.

  • Save time and money, designing assurance frameworks, reducing compliance costs
  • Perform compliance self-assessments to identify and address gaps before formal audits
  • Consultants achieve efficiencies by adopting a standard approach, utilising workflow processes
  • Provides more meaningful insights and actionable business intelligence leveraging data analytics
  • Easily identify gaps against regulatory obligations, then track and manage improvement activities
  • Improve efficiencies tracking and managing actions, issues and operational incidents
  • Full audit trail provides transparency and clarity on the state of compliance across the enterprise
  • Provides peace of mind to the Board and demonstrates compliance to regulators

ACCESS VIDEO TUTORIALS AND PRODUCT BROCHURE

By accessing our download content you will also be subscribed to our monthly newsletter. 

ANTI-MONEY LAUNDERING HEALTH CHECK

Pricing

Please feel free to sign-up for a free 30-day trial.

The trial version has limited content and pre-built analytics, so if you would like to arrange a full demo or understand more about our hosted, on-premise or private cloud licensing arrangements please contact us to discuss your requirements.

30 day free trial

Trial

Free

1 assessment

1 user

Limited content

Client Testimonials