FREE AML/CFT Product Risk Report
Singapore AML Risk Assessments - Business Risk Reporting
Singapore AML risk assessments must consider the Singapore National Risk Assessment findings. This is the expectation of the Monetary Authority of Singapore (MAS). AML360 provides a professional, risk-based, AML/CFT compliance report for an AML business risk assessment.
Singapore AML Business Risks
Singapore AML Risk Assessments
The Singapore authorities have updated their national risk assessments for vulnerabilities to money laundering and terrorism financing.
Monetary Authority Singapore
Risk Based – The AML/CFT Supervisor in Singapore is the Monetary Authority of Singapore (MAS). The MAS adopts international standards of the risk-based principles of AML/CFT regulations. The risk-based principles require an objective overview when analysing and reporting on AML business risks.
AML Business Risk Assessment
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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 Business Risks
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.
