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AML Health Check

The AML Health Check assesses the effectiveness of your AML compliance program. It identifies gaps in policies and controls, provides strategic recommendations and ensures alignment with local and international regulations, strengthening both your company's reputation and compliance culture.

Protect Your Company from AML and CFT Risks

The AML Health Check will help you understand your entity's position in relation to applicable anti-money launderingAML) and combating the financing of terrorism (CFT) regulations. This fast and efficient solution allows you to identify areas that require immediate attention and improvements to strengthen compliance.

Therefore, we work with Financial Institutions (FIs), Designated Non-Financial Businesses and Professions (DNFBPs) and Virtual Asset Service Providers (VASPs) in international environments to assess the current compliance culture and help them implement a proportionate AML compliance framework designed to mitigate the risks associated with financial crime.

The AML Health Screening service includes:

Detailed analysis: We conducted a comprehensive assessment of the entity's approach in terms of AML compliance and risk management.
Gap identification: We detect critical areas that require immediate improvements to comply with international and local regulations.
Strategic advice: We provide practical recommendations to optimize internal controls and ensure the effectiveness of the AML compliance framework.

Our service is designed to protect your organization against regulatory sanctions, preserve its reputation and foster a strong compliance culture against Money LaunderingAML) and Financing of Terrorism (CFT) risks.

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Thorough. Dependable. Reliable.

Ensure your AML compliance is up to standard.

AML Health Check: Work Methodology

Kick-off meeting
We first conduct a kick-off meeting to understand the business, the regulatory environment, the compliance culture, the scope of work and the focus of the AML Health Check.
Interview with the AML Compliance Officer
The following is a meeting with the AML Compliance Officer to discuss the general compliance framework implemented by the company.
Enterprise Risk Assessment (ERA) or Enterprise Wide Risk Assessment (EWRA) Review
We evaluate the organization's approach to identifying and managing enterprise-wide risks.
Review of the AML independent auditor's report
We analyzed the findings and recommendations provided by the independent auditor specialized in AML.
Review of AML Policies, Procedures and Controls
We review existing policies, procedures and controls to ensure alignment with regulatory requirements.
Review of the KYC, screening and risk assessment methods adopted by the entity.
We evaluate the methodologies used for customer identification (KYC), screening and risk assessment.
Review of KYC, screening and risk assessment records
We validate the records maintained by the company to verify their quality and compliance with applicable regulations.
Review of SAR/STR, HRC, HRCA, DPMSR, REAR, FFR and PNMR records
We inspect key records related to suspicious activity reports (SAR/STR) and other essential regulatory documents.
Gap analysis
We identify discrepancies between the current compliance framework and applicable regulatory requirements, as well as international best practices.
Formal AML Health Screening Report
Finally, we prepare a detailed report that includes:
- Information gathered during the review.
- Evaluation of the current compliance culture.
- Applicable regulatory requirements.
- Gaps identified.
- Suggestions for improving and strengthening compliance.
Presentation of the results to top management
And finally, we present the findings and recommendations to senior management to facilitate strategic decision making and the implementation of necessary improvements.

In short, with this systematic approach, we help organizations strengthen their AML compliance and effectively mitigate financial risks in a competitive international environment.

Our AML Health Screening service includes:

Detailed analysis: We conducted a comprehensive assessment of the entity's approach in terms of AML compliance and risk management.
Gap identification: We detect critical areas that require immediate improvements to comply with international and local regulations.
Strategic advice: We provide practical recommendations to optimize internal controls and ensure the effectiveness of the AML compliance framework.

This service is therefore designed to protect your organization against regulatory sanctions, preserve your reputation and foster a strong compliance culture against money laundering and terrorist financing risks.

contact with us