Anti-Money Laundering

Introduction

The legal implications of a failure to implement appropriate AML/CTF Program should be more than enough to persuade reporting entities to comply with these obligations.

Our team can assist with:

AML/CTF Program Implementation:

We specialise in drafting and implementing a customised AML/CTF Program (Part A and B) that suits your business. This includes assessment of the AML/CTF risks and advice on appropriate processes and systems required to comply with the AML/CTF legislation.

AML/CTF Program Review:

As required under Part 8.6 of the AML/CTF Rules, Part A of your AML/CTF Program must be subject to regular independent review.

We can conduct an Independent review of your AML/CTF Program that assesses the following:

  • Effectiveness of Part A of the AML/CTF Program having regard to the ML/TF risks
  • Compliance with the AML/CTF legislation and the AML/CTF Program
  • Effectiveness of the AML/CTF Program Implementation

Please review our Anti Money Laundering pages or contact us for more information.

Corporate Governance Credit Financial Markets Operational Risk Anti Money Laundering Business Continuity Management Disaster Recovery Planning Education & Training
The legal implications of a failure to execute appropriate anti-money laundering training should be more than enough to persuade professional entities to honor these obligations. Anti-money laundering training can help any financial institution or otherwise regulated body to remain in compliance with acceptable legal standards. Though it is, to a certain extent, the responsibility of any regulated agency to report suspicious activity without the intervention of a legislative body, anti-money laundering training ensures compliance through procedure. Federal laws and agencies affiliated with identifying money laundering will set a limit on the amount of money which triggers additional investigation, and anti-money laundering training can keep any necessary parties well-informed as to what may be irregular or concerning within an organization. Anti-money laundering training reduces the burden smaller entities may see from attempting to monitor anti-money laundering compliance wi thout adequate education, and helps to streamline reporting necessary for continued independent policing. Organizations that do not adhere to the anti-money laundering guidelines currently established in their region a re susceptible to a number of penalties and inquiries, many of which can be costly and crippling to investor relations. Protecting a company's legal vulnerabilities is a necessary aspect of successful corporate growth and ongoing profitability without fear of penalty or financial crime. Anti-money laundering training helps educate the owners of a business's books and numbers on the best way to maintain compliance within their current corporate framework. Identifying the best way to legislate money already on hand in addition to providing a baseline from which future anti-money laundering practices can be implemented helps to maintain tight regulation beyond the initial anti-money laundering training.