This is an informative session on how to minimise the amount of time required to manage your AML obligations. It details what senior officers need to do, what can be delegated and how to maintain effective oversight of the processes. Managing the process of obtaining client data Simplified V Standard due diligence Managing risk assessment…
While AML legislation requires firms to collect and assess client information before doing business, it doesn’t excuse you from complying with GDPR. AML law provides a legal basis for the obtaining and processing of this information, however, there are other responsibilities to consider. Here are the top three areas to watch out for: 1️. Secure…
There are many technology companies eager to sell software to manage AML, however, they are not all the same and their usefulness is highly dependent on your segment of the market. The requirements for a bank, online trading platform, or gambling site are vastly different to those of an accountancy or legal firm. Here’s what…
