AML/CFT Health Check

Protect your firm from Money Laundering and Terrorist Financing risks

The AML/CFT Health check will help you to understand where your entity stands in terms of applicable AML/CFT guidelines. This quick and easy solution will help your business to know that in which area immediate attention and improvements are required.

We work with FIs, DNFBPs, and VASPs in UAE to understand the current compliance culture and assist them in implementing the proportionate AML compliance framework to mitigate the risks of financial crimes.

Our AML Health Check service involves a detailed analysis of reporting entity’s approach to AML compliance and risk management.

AML software selection process just got smarter, easier, clearer, efficient, and appropriate for your needs.

AML/CFT Health Check: Work Methodology

Kick-off meeting to understand the business, regulatory environment, compliance culture, scope of work, and approach and focus of the AML/CFT Health Check.
Meeting with the AML Compliance Officer to understand the overall compliance framework implemented by the company
A review of Business Risk Assessment (BRA)/Enterprise Wide Risk Assessment (EWRA)
A review of independent AML auditor’s report
A review of AML/CFT policies, procedures, and controls
A review of KYC, Screening, and Risk Assessment methodologies adopted by the entity
A review of KYC, Screening, and Risk Assessment records maintained by the company
A review of SAR/STR, HRC, HRCA, DPMSR, REAR, FFR, and PNMR records maintained by the company
Gap Analysis
A formal AML/CFT Health Check Report detailing the information obtained, the current compliance culture, regulatory requirements, gaps identified, and suggestions for the improvement
Presentation of the findings to the top management