The user is first required to select their country, industry group, industry sector and other information about the organisation which starts to tailor the program.
The user is then guided through an ML/FT risk assessment questionnaire covering environmental risk, customer risk, business profile risk, channel risk, product / services risk and country risk, which automatically creates a tailored ML/FT risk assessment.
CREATE THE AML PROGRAM/POLICY
Based on the information provided in the first two steps, an industry specific AML Program is automatically created.
CREATE THE CUSTOMER DUE DILIGENCE STANDARDS
Based on the country selected, the customer due diligence standards will also be generated.
The AML Program includes a number of supporting documents including a glossary of key terms, a country risk assessment across 200+ countries and a reference library based on internationally recognised methodologies and frameworks.
REVIEW ACTION PLAN AND PUBLISH ALL DOCUMENTS
After creating all of the draft documents the user can review the suggested action plan and edit these before committing their final changes and publishing the documents which renders them as final versions and stores these as PDF documents.
CREATE AML OPERATING MANUAL
The AML Operating Manual is also automatically created and is designed to guide you through the core elements required to implement the AML Program.
UPDATE AND REFRESH
Our team will also monitor for changes in AML laws and regulations and update the AML Program to reflect AML guidance on new and emerging threats.