Businesses of all sizes can take advantage of AML360's money laundering risk assessment. Whether you are the Head of Risk at a tier 1 bank or an owner/operator of a small legal or accountancy firm, AML360 provides you an online account to complete an AML/CFT business risk assessment.
Risk Based Approach
FATF Recommendations
ISO 3100 Guidelines
All Industry Sectors
All Jurisdictions
Fully Customised
Plug & Go
Qualitative Data
Quantitative Data
Heat Maps
Easy Updates
Case Management
Methodology Manual
Nature, Size & Complexity
Customers (B2C and B2B)
Products/Services
Method of Delivery
Geographies
Your report is divided into five divisions of - Nature, size and complexity of business, Customers (B2B & B2C), Products / Services, Method of Delivering Products/Services and Geography Risks. Each division provides a risk score, a key risk indicator for individual elements within the division, and a narration to explain the risk.
AML360's regulatory technology is easy to navigate, easily reached through a web account and affordable to small sized businesses.
Use regulatory technology for managing BSA/AML risk assessments with easy updates.
Takes less than 60 minutes to complete. You receive a full risk report, heat maps and a guidance manual.
Instantly identify higher risk areas across business operations. Use for management reporting.
A comprehensive risk guidance manual enables your business to understand the risk methodology.
When you need to update or change data, click the edit icon, make any changes, then click 'calculate'.
Use the dashboard filters to select your report structure then click the mouse to see heat maps and data reports.
If your business assessment requires a task, use the case management feature to set, track and report.
Updates can be completed within minutes and include regulatory updates of AML/CFT laws.
Your money laundering risk assessment report examines 50+ key risk indicators, using colour coding to easily identify those areas representing greater risk. Your report includes narration to explain the risks, inclusive of prompts to assist mitigate with policies, procedures and controls.
AML360’s regulatory technology automates workflows and reduces human resourcing costs. Businesses easily manage from a single account in the Cloud.
Following a cleared payment, you will receive instructions on how to get started.
Instructions are emailed on How to Get Started. The platform is intuitive and easy to use. If you do need assistance a knowledge library is available with written instructions and video demonstrations. If you have subscribed to ‘Managed Services’, you also have access to a dedicated AML compliance professional.
You can cancel your subscription at any time during the current subscription period. There is no automated renewal. A renewal requires your separate confirmation. Reminders are sent that your account is due to expire. You can update your risk assessment at anytime before expiry. You can re-activate your account at any time within a 12-month period, commencing from expiry.
Additional users can be added to your account for USD50 per month.
Your data is stored in encrypted servers, using the same level of security as that used by banks. You are able to select the jurisdiction of your server location. For customer profiling and account monitoring, you should avoid using biometric data and instead use a unique identifier. By following this method, only your business will know who the data pertains to.
Yes. Your account can operate with numerous compliance tools such as bespoke management reporting and internal reviews. To add an additional tool you should contact the compliance executive that AML360 dedicated to your account.
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