For institutions
AML/CFT
Anti-money laundering and countering the financing of terrorism: from customer due diligence to the new EU AML framework.
Your supervisor considers your institution to be a gatekeeper that thoroughly understands the risks of your business, your products and your customers. As a compliance officer, you are expected to make sure your organisation acts in line with the latest AML/CFT laws and regulations.
You know you need to be on top of AML/CFT compliance. Yet fully understanding and implementing all the requirements regarding CDD, enhanced due diligence, PEPs and transaction monitoring can be challenging.
In addition, the link between AML/CFT on the one hand and privacy and data protection rules on the other is becoming increasingly relevant. The EU's AML framework is being overhauled. With AMLA finalising multiple regulatory technical standards and guidelines under the AMLR, the need for a risk-based approach has never been more important. Institutions that wait until the RTS and guidelines are final will be too late to prepare.
Your challenges
What are your AML/CFT compliance challenges?
- Need to know how to investigate your customers' source of funds?
- Looking for guidance in evaluating the risks of a politically exposed person (PEP)?
- Want to learn how to assess client risks?
- Ready for the AMLR's shift from 'unusual' to 'suspicious' transactions?
- Curious how the AMLR will affect your policies and procedures?
How I can help
I can assist with
Conducting AML/CFT compliance audits and gap analyses of CDD processes
Developing and amending AML/CFT policies and procedures in line with the AMLR, AMLA's RTS and guidelines
Delivering practical and tailor-made training for employees, managers, compliance and audit staff
Responding to requests and examination results of your supervisor