RISK BASED APPROACH

USE THE AML360 DIGITAL SOLUTION FOR ONGOING MAINTENANCE OF YOUR BUSINESS RISK ASSESSMENT.

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LOGIN TO YOUR AML COMPLIANCE PORTAL

Login to your AML360 account.  Enter the email address to send the AML CFT business risk report.  Work your way through the data queries and select responses from the dropdown box. Once done, click ‘Calculate’.  You will receive a comprehensive risk report, including a heat map and explanatory notes to describe each risk.  With our dual package you also receive a comprehensive compliance programme and guidance manual.

Phase 2 AML

AML360 applies the risk based approach recommended by government supervisors

RISKS EXPLAINED

Your risk assessment includes an explanation of risks so that you can easily interpret results.  The notes also include recommendations of how your business can reduce AML/CFT risks.

HEAT MAPS

The risk report includes heat maps in the areas of (a) Nature, size and complexity of business, (b) Products and Services, (c) Customers and Institutions, (d) Method of Delivery and (e) Geographies.  

money laundering risk assessment
AML Risk Assessment

GUIDANCE MANUAL

Your risk report includes a guidance manual, prepared by AML Professionals, so that you can increase your knowledge on how to apply a risk assessment to measure AML/CFT exposure. 

ANALYSIS

The AML360 business risk assessment has been configured to allow users to quickly and easily measure their risks. Login. Select Data. Click 'Calculate'.

HEAT MAPS

Over 40 elements are measured and reported in heat maps to display the overall business risk position. The heat maps allow easy interpretation.

GUIDANCE MANUAL

The risk assessment is supported with a comprehensive guidance manual. The manual explains how to apply an AML/CFT risk assessment.

AUTOMATE REPORTING

Your AML360 console automates record keeping and reporting. Filters are also available to analyse multiple risk assessments.

RISK ADVISORY REPORT

The risk report sets out the elements that create higher risk, including advice on how the business can manage those risks. This information can be incorporated into policy.

INSTANT UPDATES

When the business risk assessment is due to be updated, simply click on 'Edit' and select the data that requires changing. Click 'Calculate'. Done.

RISK SCORES

Each business receives an overall risk rating, as well as a risk score for each primary risk division. A risk matrix is also provided.

RISK BASED METHODOLOGY

We have embedded the risk based approach to meet regulatory requirements. Data capture, analysis, recording and reporting are carried out in a single action.