FAQ: How the AML Health Check works - Get started in 4 easy steps

Applies to: Health Check

1. SELECT THE OBLIGATION TEMPLATE

The AML/CFT Health Check has templates for the AML/CFT compliance obligations for Australia and New Zealand (with more AML/CFT templates in development).

2. ASSESS COMPLIANCE

Based on the country selected the AML/CFT obligations are loaded into the main assessment page where the end client can provide responses and audit teams can assess compliance against each compliance obligation, solicit management responses, create items (actions, issues or risks) and attach documentary evidence to support the assessment, with a full audit trail.

3. GENERATE REPORT

Once the AML/CFT Health Check assessment is complete users can create an executive summary report. Once the report is generated it creates two simultaneous reports including a static (PDF) and an interactive (drillable) report, which provide meaningful insights into AML/CFT compliance data and helps to identify weaker areas of the AML/CFT Program.

4. ANALYSE OUTPUTS

Once the AML/CFT Health Check report is generated, data is available to be analysed further using the Data Analyzer feature which applies big data analytics to the AML/CFT Health Check outputs and allows benchmarking of health checks over time (month or year), by Country, by Health Check and assess compliance of country-specific AML/CFT obligations on 1 page!