Firms ultimately depend on their employees to implement and operate their AML defences.
Employees work at the leading edge of a firms AML defences on a daily basis; it is critical that they diligently follow the firm’s processes and give AML the necessary attention.
With regulators focus on AML outcomes a single failed check or control can result in huge fines. Ensuring employees fully understand the importance of their AML responsibilities and have the resources to operate the firm’s AML checks and controls is critically important.
AML Employee Assessment
The AML Employee Assessment gives firms a insight into their AML checks, controls, management and culture from an employee perspective.
Each AML Employee Assessment report includes:
- AML Risk Heatmap
- AML Best Practices
- Intra-Group AML Benchmarking
Designed with our partners, Jersey headquartered AML, sanctions and compliance experts Baker Regulatory Services (BRS), the AML Employee Assessment utilizes specifically designed AML Questionnaires which are completed by directors and employees.
The responses to the AML Questionnaires are used to generate a report which includes AML Risk Heatmaps, recommended best practices and, for groups with multiple entities, intra-group benchmarking.