Find peace of mind with our comprehensive AML risk assessment and corresponding policy (with policies, controls and procedures).

All part of our full-circle AML solution.

Not only is it a smart idea to put these documents in place, for businesses regulated for AML compliance it is a requirement under law. After completing the Risk Assessment questionnaire in aml.art, our Compliance Team reviews your answers, asks additional questions for clarification and prepares documents for your review and implementation.

The AML Risk Assessment & Policy service is available to businesses in any location that are using our CDD solution. This is important as the mitigations outlined in the policy are predicated on using ArtAML™ for the conducting of customer due diligence.

The risk assessment identifies how your business might be targeted by economic crime – namely, money laundering, terrorist financing and proliferation financing. The resulting risk rating is based upon objective methodology covers the five areas of risk: Customers; Geography; Products or Services; Transactions; and Delivery Channels. This document is to be made available to senior management.

The policies, controls and procedures outline how to mitigate risks identified in the risk assessment. A table included at the top of the document provides a quick guide with steps to take for those identified risks. The wider document goes into detail on how to perform customer due diligence supported by the ArtAML™ platform. Appendices include References with links for guidance, reporting and more; a Glossary with acronyms and their corresponding meanings; and an Internal SAR reporting template. The policy is to be made available to every team member, including customer-facing contractors. In the case of potentially suspicious activity, they can refer to the document for guidance and steps to take.