FREE AML/CFT Product Risk Report
Boost Compliance with an AML/CFT Product Risk Report
This FREE AML/CFT product and services risk evaluation tool examines key vulnerabilities known to increase exposure to facilitating money laundering and/or financing of terrorism. A risk report will provide an overall inherent risk rating, along with heat maps and data tables to explain the risks.
AML/CFT Product Risk
This FREE risk evaluation examines the inherent exposures of products and services to facilitating money laundering or financing of terrorism (ML/FT). AML360 applies an internationally accepted risk-based approach to meeting your ML/FT compliance obligations. The evaluation report will identify individual ML/FT risk characteristics and provide an explanation of the risk. The FREE report will also include a colour-coded heat map of each risk element and give an overall risk rating. Your illustrative report enables your business to easily interpret its ML/FT risks and confidently demonstrate governance protocols.
Risk Based Approach
By identifying AML/CFT Product Risk characteristics that increase money laundering or financing of terrorism risks, business owners, Board members and executives are in a better position to develop adequate policies, procedures and controls. AML360 utilises this risk-based approach in accordance with international recommendations made by the Financial Action Task Force.
Reduce Costs of Compliance
Reduce costs associated to human resourcing and eliminate labour intensive processes by taking advantage of automated workflows. All complexities are automated. Your representative just points and clicks to receive the risk report.
Importance of Risk Analysis
AML/CFT compliance programs are heavily reliant on findings of the risk assessment. The risk methodology must therefore meet regulatory expectation. Should there be weaknesses in the risk methodology, these weaknesses will transfer to the policies, procedures and controls. We are identified as a leading vendor in innovative technology for managing AML/CFT compliance. By using our simplified approach to AML/CFT compliance, your business can reduce noise, reduce costs and gain compliance efficiency. Priceless!
AML/CFT Product Risk Toolkit
AML360 is an easy-to-use, online regulatory toolkit designed for all professionals. Whether you are a lawyer, an accountant, a broker or a real estate agent, we empower your compliance team so you can achieve regulatory expectations without the stresses and high costs. We service all financial sectors including money remittance, banking, FX trading, wealth management and more. Monitor client activity, submit management reports, track priority compliance issues and automatically report on your organisation’s current compliant status. It does not get any easier. Your firm will gain compliance confidence with AML360’s specialised technology.
Businesses obligated to AML/CFT laws must understand the risks their individual products and services present to facilitating money laundering or financing of terrorism.
Track, monitor and report on individual product or services risk. Use this information to support ongoing monitoring and decision making of client activity.
Ensure executives and Board of Directors are informed with succinct data reports.
Update on a frequent basis and use to support AML/CFT compliance programs.
