The Central Bank of Ireland (CBI) requires credit and financial institutions to have AML and countering financing of terrorism (‘CFT’) preventive measures in place. The preventive measures include: policies, procedures and processes. The starting point for building and operating and effective AML/CTF regime is the Risk Assessment.
Our AML Governance solution enables clients to ensure they have implemented and operated in strict accordance with the CBI regulations and minimises the risk that the firm is used for money laundering or financing terrorist activities.
GRC-Maestro keeps the records you need to show the: who, what, when and why regarding your AML Risk Assessment. As new money laundering risks emerge, regulations change or your business evolves, you can periodically reassess your AML Risk Assessment against these changes.