AML Regulatory Technology

AML/CFT Software for Anti-Money Laundering Compliance Officers

AML360 regulatory technology has an AML/CFT Software solution for all sized entities and for all types of administrative duties. This includes enterprise-wide AML risk assessments, client risk profiling reports and internal compliance reviews.

Brochure
AML/CFT Software
Risk-Based Technology
  • anti-money laundering compliance

    AML/CFT Software & Advisory Services

    AML/CFT Software from AML360 embeds professional advisory services. Your business receives both AML/CFT expertise and automated workflows to meet regulatory expectation. AML360 is fully customised.

  • AML Supervisory Technology

    Firm-Wide Risks

    Many businesses struggle with developing and maintaining an AML/CFT enterprise-wide risk assessment. AML360 automates the process as a DIY AML/CFT Compliance Module.

  • AML compliance officer

    Program Review

    An Anti-Money Laundering & Countering Financing of Terrorism Program requires testing. Policies, procedures and controls can be tested with AML360's AML/CFT Software for quality assurance reporting.

  • AML Automation

    Testing Configurations

    AML/CFT Software should have flexibility to have thresholds tested and adjusted to meet regulatory expectation, including recommendations from AML/CFT Independent Auditors.

  • AML Consultants

    Management Reporting

    Governance is a crucial aspect for AML/CFT Supervisors. AML360's AML/CFT Compliance Dashboard enables AML/CFT Compliance Officers to readily monitor and download compliance reports.

  • AML platform

    Digital Implementation

    AML360 is available as AML/CFT Software delivered as a secure Cloud account or On-Premise. Configurations for a complete AML/CFT digital program can be achieved in 2-3 working days. Some compliance modules are instantly available.

AML Software Solutions

Time to Control Costs

The AML360 platform can reduce compliance costs by as much as 80%. We have achieved this by developing compliance modules with regulatory technology configured and tested by AML/CFT Compliance Professionals.  AML360 is the best in class for delivering risk management workflows as AML/CFT Software. Anti-Money Laundering Compliance Officers requiring AML/CFT expertise need to look no further than AML360. Configurable to business entity and sector level. For small businesses the AML/CFT software is pre-configured.  For larger businesses, configurations can be customised to requirements.

Profiling

Monitoring

Autormation

Alerts

Benefits of AML360 Software

In recent years more firms have turned to managed compliance services because they can leverage compliance teams quickly and efficiently to implement and maintain a compliance program. The alternative of hiring an in-house full-time equivalent employee (FTE) may simply not be affordable. A qualified AML/CFT compliance professional with 10+ years experience, can expect a salary of circa USD80,000+. Once employed, AML/CFT compliance systems need to be established. Many firms, paralysed by indecision, simply do nothing. This can lead to bad regulatory, reputation, and business outcomes. AML360 Regulatory Technology acts like an AML/CFT compliance professional. The software simultaneously collects data, analyses and reports to provide AML/CFT compliance and risk management expertise. By utilising the AML360 compliance account, your business will reduce human resourcing costs and fortify the AML/CFT compliance framework. The platform is fully customised to the nature, size and complexity of business and sector.
A reasonable AML compliance program must include an experienced money laundering reporting officer, include the involvement of senior management, have adequate systems in place and adopt customised policies and procedures, train staff, and maintain records. AML360's managed services incorporate each of these elements at a fraction of the cost to hire a full-time equivalent professional. In doing so your AML compliance costs can be reduced between 50% to 80%. Because we take advantage of regulatory technology, we also ensure your business gains compliance efficiency.
Using a third-party compliance firm to provide your compliance services, including utilising regulatory technology, offers many benefits over hiring one or more full-time employees. AML360's managed services can implement a compliance program quickly and efficiently with an experienced team that applies an industry-wide perspective. Our team of compliance professionals have more regulatory knowledge than any one person a firm could hire.
When an issue arises, your firm can appeal to AML360's management for corrective action. Our firm, unlike a person, does not take a vacation or sick days or ask for a promotion. Also, turnover among internal compliance officers has become an industry-wide problem. Faced with a limited career path, many compliance officers leave after a few years to make more money or to experience a different type of firm. In these circumstances your firm must go through the decision-making and hiring process all over again, creating business disruption. AML360's managed services eliminate all these issues.
AML360's managed services bring an independent perspective to the compliance function. Institutional clients and regulators value this independence and often give more weight and credibility to a compliance review prepared by an outside party rather than somebody reporting to senior management. Conversely, an in-house AML compliance officer is inherently conflicted because he/she reports to senior management that may be the cause of the problem. In many cases, the AML Compliance Officer gets blamed because senior management views the compliance officer as the cause and not the solution. Unlike an outside firm that has many clients, an in-house AML compliance officer faces significant disruption if a compliance breakdown fractures the relationship with management.
What are the signs that a firm has done too little to implement an effective AML compliance program? They fail to spend enough on compliance. Firms also fool themselves into thinking they have done something significant. For example, they buy a compliance manual online or adopt policies and procedures but decline to implement the requirements. A do-nothing firm may inform an internal employee that he/she is now the AML Compliance Officer and allocate minimal resources to compliance. AML Supervisors often cite these practices in various enforcement actions as examples of failures to implement effective compliance programs. Failing to implement a compliance program also will not work with institutional clients. Once a firm makes it onto the regulator's bad actor list, expect to see them on a regular basis.