Use technology to evaluate product risk and maintain a risk register.
Governments expect businesses to evaluate the risks of their products and services. The AML360 evaluation tool maintains a product/services risk register.
Each product/services risk evaluation is contained in a report which can be downloaded for stakeholder disclosure or for supporting audit and onsite visits.
The evaluation will provide primary key risk indicators, giving an profile of each, as well as an overall risk score / risk level for each product and/or service. Use the risk based approach.
Financial services organisations that operate across multiple jurisdictions can easily keep on top of AML/CFT risks by maintaining a group product/services register.
This compliance tool can be used for banks, casinos, money remittance, foreign exchange, derivative traders, lawyers, real estate, accountants and brokers.
Your stakeholders include AML supervisors and auditors. Your risk report will clearly set out the Key Risk Indicators and Risk Drivers so they understand product risk.
Conducting a product and/or services risk evaluation can be completed within minutes. This saves significant human resourcing elements.
Risk evaluations can be updated and/or amended at anytime. This is a totally flexible service offering meeting requirements of best practice.
Marina Bay Centre
Tower 2, Level 39
10 Marina Boulevard
+65 6818 570
40 Bank St
+44 208 144 4089
Level 36, Gateway Tower
1 Macquarie Place
Sydney NSW 2000
+61 2 8007 5667
188 Quay Street
+64 9 363 2741
© 2019 All Rights Reserved