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Anti-money laundering risk assessments are an essential regulatory requirement. Every practice must adopt a risk-based approach and conduct risk assessments at a both a firm-wide and individual client level.

AML HQ provides you with intelligent risk assessments to help you quickly identify risks and document due process.

Risk Assessments help to:

• Assess the level of risk associated with their firm
• Use a risk-based approach to prevent money laundering
• Create robust policies, procedures, and controls that actively reduce the risk of financial crime
• Make informed decisions about clients
• Evaluate risk reduction measures
• Identify transactions and relationships that involve an at-risk or sanctioned party measures

Firms must establish and maintain a framework of policies, controls and procedures to mitigate and manage the risks of money laundering. The framework should be proportionate to the size and nature of the business.

AML HQ provides you with a full framework of policies, controls, and procedures that can be tailored to your firm's requirements. We will notify you with updated guidance from your professional body or competent authority.

Our policies, controls and procedures cover every area of anti-money laundering compliance your firm might need to consider:

• A risk-based approach
• Client due diligence
• Record keeping
• Internal controls
• Ongoing monitoring
• AML Training
• Reporting procedures
• Compliance management

Effective identity verification is a key AML defense. By knowing who owns and controls a client, a firm not only fulfills its legal and regulatory requirements, it equips itself to make informed decisions about the client’s standing and risk.

AML HQ helps you onboard clients quickly and securely by using a combination of digital, physical, and biometric checks.

Our client due diligence process can be tailored to suit your needs and includes:

• Official company information checks
• Beneficial ownership verification
• Document proof and data extraction
• Biometric facial recognition
• Liveness check includes video and motion capture
• Configurable sanctions and PEP & screening

AML inspections and monitoring visits can consume firms. Our automated processes help you stay on top of your compliance obligations.

At any time you can run instant reports and identify compliance gaps. At the touch of a button, our software allows you to produce comprehensive auditor extracts to evidence and demonstrate compliance.

If you have an AML query or an upcoming inspection our dedicated compliance team are always at the end of the phone.

Our tailored processes help you:

• Assess compliance and achieve compliance assurance
• Identify compliance gaps
• Ensure CDD documentation and evidence are readily available for inspection
• Review and respond to changes in your practice and legislation
• Access our dedicated AML compliance hotline

All professionals should receive continuing professional development (CPD) appropriate to their role. AML HQ provides you with the ability to track your staff’s training schedules and identify if there are any training gaps.

AML HQ provides access to a series of online CPD training webinar videos, on a variety of essential subjects and topics.

Each CPD course gives you access to:

• Virtual CPD courses and webinars
• Download supplementary training documentation
• Regular reviews and updates
• Documented training records