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regulatory technology

AML/CFT Firm Wide Risk Assessment

BSA AML Risks
BSA AML Risk Assessment
AML Risk Assessment

A High-Quality Assessment Report

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.

AML/CFT risks

Global Solution

Risk Based Approach

FATF Recommendations

ISO 3100 Guidelines

All Industry Sectors

All Jurisdictions

Fully Customised

ML/FT Risk Assessment

Features

Plug & Go

Qualitative Data

Quantitative Data

Heat Maps

Easy Updates

Case Management

Methodology Manual

money laundering risk report

Risk Analysis

Nature, Size & Complexity

Customers (B2C and B2B)

Products/Services

Method of Delivery

Geographies

AML RiskAssessment

Risk Based Approach

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.

money laundering risk assessment

Designed To Meet Regulatory Expectation

AML360's regulatory technology is easy to navigate, easily reached through a web account and affordable to small sized businesses.

Regulatory Technology

Use regulatory technology for managing BSA/AML risk assessments with easy updates.

Save Human Resourcing

Takes less than 60 minutes to complete. You receive a full risk report, heat maps and a guidance manual.

Risk Heat Map

Instantly identify higher risk areas across business operations. Use for management reporting.

Risk Guidance Manual

A comprehensive risk guidance manual enables your business to understand the risk methodology.

Unlimited Updates

When you need to update or change data, click the edit icon, make any changes, then click 'calculate'.

Drill Down Filters

Use the dashboard filters to select your report structure then click the mouse to see heat maps and data reports.

Case Management

If your business assessment requires a task, use the case management feature to set, track and report.

Easy Updates

Updates can be completed within minutes and include regulatory updates of AML/CFT laws.

Focus On Key Risks

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.

money laundering risk assessment
Frequently Asked Questions

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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