Subject persons are required to have in place AML Policy, AML Procedures and AML Documents to “Know Your Customer (KYC)” and to manage the money laundering and financing terrorism risks posed by their customers products and services.
AML policy, AML Procedures and AML Documents to establish have to be systematic, adequate and appropriate to prevent the carrying out of operations that may be related to money laundering and financing terrorism.
Your company is obliged for AML compliance to draw up a written AML/CFT Manual, setting out in detail the AML policy, AML Procedures and AML Documents implemented in order to comply with all the obligations emanating from anti money laundering regulations.
To be AML Compliance, all employees should have access to the AML/CFT Manual and the Money Laundering Reporting Officer (MLRO) should ensure that the employees acknowledge that they have received and understood the AML Policy and AML Procedures.
The AML/CFT Manual should be the basis for the AML Training programs and the employees awareness of the AML/CFT Manual should be tested periodically.
The records of the AML Training tests and a copy of written AML Policy, AML Procedures and AML Documents should be available for inspection by the Financial Intelligence Unit (FIU).
We can assist you to be AML Compliance, writing the AML/CFT Manual, developing and periodically updating your AML Policy and AML Procedures and creating the regulatory framework of internal AML documents and manuals required by the anti money laundering regulations.
We will help you develop the following AML documents to ensure that you are in AML compliance.
- AML/CTF Manual, AML Policy and AML Procedures for cryptocurrency and blockchain industry
- AML/CTF Manual, AML Policy and AML Procedures for remote gaming sector
- AML/CTF Manual, AML Policy and AML Procedures for financial sector
- AML/CTF Manual, AML Policy and AML Procedures for professional sector.