The prevention of money laundering and terrorist financing has united the financial regulators in taking firm and resolute action.
Firms have been shut down because of poor Anti-Money Laundering (AML) management while the fines have escalated to a level where they can exceed profits.
Our AML Governance solution enables clients to protect their business by evidencing compliance with the regulatory requirements:
- Management Body Oversight: Ensure that Senior Management have thorough control over AML
- Resources/Expertise: Show regulators that the firm has dedicated sufficient resources to AML (personnel, systems, data, etc.)
- Size/Complexity: Assess the AML framework (policies/procedures/controls) based on the size and complexity of the firm
- Monitoring/Reporting: Show that the firm’s AML policies, procedures and controls are monitored, results are reported and actions taken
GRC-Maestro keeps the records you need to show: the who, what, when and why regarding AML Governance.
For more information on the GRC-Maestro Platform click here.
Reporting on: AML Governance
- Procedures Satisfactory
- Clients: Low Risk
- Clients: Medium Risk
- Clients: High Risk