Data analytics should underlie every business decision. Yet too often AML risk assessments fail to implement reliable data. AML360™ is specialist compliance software designed for anti-money laundering compliance officers. Manage the reporting of money laundering and terrorism financing risks with easy to use yet sophisticated AML/CFT compliance automation. The AML360™ AML/CFT risk report provides separate divisions of (a) nature, size and complexity of business, (b) products, services and transactions, (c) customers (B2B and B2C), (d) method of delivery and (e) geographies.
Your AML360™ platform deploys an end-to-end pipeline for every aspect of your compliance needs to simplify for AML risk assessments.
Our algorithms ensure we match the nature, size and complexity of your AML risk assessments to the nature, size and complexity of your business.
Our cloud infrastructure reaches every corner of the globe and connects your remote team so they can collaborate online to confirm your AML risk assessments.
AML360 software is designed to automatically collect data, analyse, measure and report. Solutions are provided for customer risk profiling, transaction monitoring, business risks, internal health checks, and case management.
Businesses captured under anti-money laundering and combatting financing of terrorism laws must understand their firm’s risk exposures to financial crime.
AML Risk Assessments have the objective of informing business owners and AML/CFT compliance officers of the areas in their business that require adequate policy, procedures and controls to manage known risks.
The risk-based approach under anti-money laundering compliance laws removes a tick-box approach. The risk-based approach recognises that businesses know their business the best and therefore are responsible for ensuring the risks are adequately evaluated in order to prevent money laundeirng.
If businesses are not using AML regulatory technology to assist manage, monitor and report on AML/CFT compliance, it is likely operational costs will significantly increase.
AML/CFT compliance has many administrative requirements. Relying on labour intensive duties will push compliance costs up.
In benefiting from AML/CFT regulatory technology, businesses should expect compliance costs to decrease and compliance efficiency to improve. This includes for compliance with AML/CFT Risk Assessments.
AML/CFT Risk Assessments must use a methodology and reporting process that can stand-up to independent scrutiny and meet the threshold of ‘adequate’.
AML360™ is specialist regulatory technology designed to assist businesses to achieve a professional structured reporting framework.
The benefits of AML36-™ regulatory technology include:
