AML/CFT Health Check

Implementing AML/CFT measures is one of the aspects; evaluating its effectiveness is an entirely different challenge. To minimise your exposure to financial crimes, you need to continuously oversee the AML practices and keep them updated.

Financial crimes are evolving, and your compliance measures must advance by staying a step ahead.

So, how would you identify the cracks in your compliance shield? AML/CFT Health Check is the answer.

AML/CFT Health Checks Are Non-Negotiable

Performing AML/CFT health checks allows you to identify gaps in your compliance practices, address them, and strengthen the fight against financial crimes.

Get Your AML/CFT Health Checks Done Right with RapidAML

We give utmost priority to AML/CFT health checks by thoroughly assessing the “as-in” AML practices and directing you towards “to-be” AML practices.

Reveal the Vulnerabilities in Your Compliance Fabric

Take Our AML/CFT Health Check Service Today!

Why RapidAML’s Health Check is a Total Compliance Game Changer?

Directly pinpoints the areas that require attention

250+ aspects covered under AML/CFT health check

Guide you right to the solution for the identified gaps

Assistance in aligning the practices with the latest regulations

Industries

DPMS

Dealers in Precious Metals and Stones can quickly perform sanctions screening on walk-in customers, providing a world-class shopping experience.

TCSP

Trust and Company Service Providers can perform simplified, standard, or enhanced due diligence, following a risk-based approach, and monitor the customers’ risk in the course of business relationship.

Lawyers

Assess the customer risk – individually and as a group, identify transactions covered under AML, and manage the risk adequately.

Accountants & Auditors

Ensure adequate CDD before onboarding, maintain customer information up-to-date with accurate documentation, meet record-keeping requirements.

Real Estate Agent

Manage AML compliance with customised KYC and risk assessment framework for buy/sell and leasing, track transactions and timely submission of REAR.

VASPs

Virtual Asset Service Providers can comply with KYC and KYT requirements with real-time identity verification, ongoing tracking of VA transactions, timely detection of red flags.

What’s There on Our Health Check Radar?

Enterprise-Wide Risk Assessment (EWRA)

AML/CFT Policies, Procedures, and Controls

Customer Due Diligence Documents

Customer Details and Their Respective Transactions

AML/CFT Training Records

Ongoing Monitoring System and Alerts

Regulatory Reporting

Governance

Employee Due Diligence Documents

Record-Keeping

Don’t get Stuck in an Regulatory Whirlwind

Update Your AML Practices with AML/CFT Health Check

Keep Your Compliance Practices Fit with a Keen Eye!

Independent Opinion

Proactive Regulatory Update

Ongoing AML Enhancement