Is your business fully aware of its vulnerability to money laundering and terrorism financing risks?

As you realize, cash laundering and terrorism financing legal guidelines are risk-based. Because of this regulated companies like yours should conduct business-wide ML/TF danger assessments. The goal is to establish and assess the dangers the place companies may be exploited by organised felony networks, laundering the proceeds of their crimes.

If your small business is used to launder felony funds, your small business might face vital penalties. Monetary crime regulators like have been granted intensive powers to implement non-compliance with AML/CTF legal guidelines.

On the coronary heart of any efficient AML/CTF Program comes a transparent understanding of how your small business may very well be exploited by organised felony networks. This understanding hinges on varied components, together with the services supplied, the channels these are distributed via, the sorts of clients your small business offers with and the publicity to sure nations.

Does your small business perceive its danger publicity to cash laundering and terrorism financing?

Many small and medium-sized companies have the identical compliance obligations as bigger ones however usually lack the sources and in-house experience to develop ML/TF danger assessments or design, implement and preserve efficient AML/CTF Packages.

Sound acquainted? In that case, you’re not alone, so Arctic Intelligence have created this factsheet on the important thing parts of an efficient ML/TF danger evaluation and AML/CTF Program so that you can obtain.

How AML Speed up may help assess your ML/TF dangers and construct an efficient AML/CTF Program.

AML Speed up has been designed by monetary crime specialists particularly for small and medium-sized corporations in over 30 sectors and over 40 nations to assist information them to conduct business-wide cash laundering and terrorism financing danger assessments, doc AML/CTF Packages and monitor and monitor points, breaches and incidents in real-time.

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Join your obligation-free 14-day trial to AML Speed up and get entry to our multi-award successful platform utilized by lots of of corporations identical to yours to conduct business-wide cash laundering and terrorism financing danger assessments tailor-made to your sector and AML/CTF legal guidelines in (and lots of others).