Our goal is to help Accountable Persons navigate the ever-changing face of Anti Money Laundering (AML) Regulations, making Compliance simpler, more transparent and more manageable within the workplace.
The key driver of any AML Compliance Program is the Risk Assessment Report. Although not required by Law or any Regulation, your Regulator expects it.
The AML Auditor is your partner in delivering the Audit process, they are not your adversary. It shows your regulator your commitment to Compliance.
These are described as the "Gate Keepers" as they are privy to transactions that can be classified as "Suspicious". They are targeted to create a "Legit" bill of health.
Forex Bureaus & Sports Betting are unique in their AML Risk Profile due to the high cash turnover and are prone to smurfing. They are targeted mainly to "Smoke Screen" the source.
Real estate is perhaps the highest sector prone to AML/CTF due to the huge sums of money involved. They are targeting mainly to "legitimize" the income source.