In the world of increasing risk of money laundering and terrorist financing, regulators are becoming more strict and persuasive about how financial institutions are internally managing the risk. For the small and medium size companies cost of implementing compliance solution is always a concern.
This paper outlines the standard practices to implement solutions for Anti Money Laundering (AML) and Assessment of Affordability (AoA), especially in midsize financial institutions, and how IT can play an effective role in reducing the overall cost and time of implementation.
The white paper covers the following:
- Identifying key stakeholders
- Analysing organisation data
- Implementing AML and AoA for individual customers
- Implementing AML and AoA for corporate customers
Download your copy of the Anti Money Laundering and Assessment of Affordability White Paper now.