Maestro-Solutions for

AML Management 

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Firms have to cover all their AML bases.
Oversights and failures are punishing!

Challenge

The prevention of money laundering is one of the most important, and onerous, legal and regulatory burdens on regulated firms.

Planning and operating comprehensive AML Management is essential to minimize the risk of heavy regulatory fines and personal censure.

The depth and breadth of AML statutory laws and regulations make it very hard for even for firms with large teams of experts and cutting-edge technology!

Maestro-Solution

GRC-Maestro helps ensure firms have the processes, checks, controls and management oversight required to address the specific money laundering risks of their business.

Using GRC-Maestro, firms can ensure they have comprehensively addressed the money laundering risks and can evidence full compliance with statutory/regulatory rules, best practices and internal controls:

Policies & Procedures

A firm's AML policies and procedures need periodic review and updating based on changes in regulatory requirements, the business' operations and the emergence of new money laundering methods/threats.

AML Training Assessment/Delivery

Each firm needs to assess the AML training across its team, including an individual assessment of appropriate training for Senior Management. The training needs to be based on the AML Risk assessment of each business line, geography and the overall AML Risk Assessment.

Products/Services

Each distinct product/service provided by the firms needs to be AML Risk Assessed to ensure the firm focuses appropriate resources on the highest risk products/services.

Geography (Business & Customers)

Different jurisdictions create different types of AML Risk. Firms need to assess the locational risk of both their business and their customer base (commonly known as "international customers" or "expats").

High Risk Customers

Some firms focus on customers with elevated AML risk profiles, for example Politically Exposed Persons (PEPs), those running cash businesses, sector specific (gaming, arms, precious metals/stones, etc.) amongst others.
Higher risk customers can be served provided firms have assessed the specific risks and have planned and implemented enhanced checks and controls to address these

Anti-Money Laundering

Business Sectors

GRC-Maestro

Prove Compliance – Evidence your Governance, Risk & Compliance (GRC)

Automate GRC – Run manual checks and processes automatically

Low Cost – Quick and easy to use + low pricing

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