Solutions

Screening

Your compliance checklist where sanctions, PEPs, and adverse media subjects get the right level of scrutiny.

Case Management

Every task documented, every red flag addressed. No unsolved mysteries in your compliance workflow.

KYC

Verifying identities to make sure you’re not accidentally welcoming a financial criminal.

Transaction Monitoring

A surveillance system detecting unusual patterns and flagging suspicious transactions in real time.

Customer Risk Assessment

Fair is foul, and foul is fair unless your risk scores separate high and low-risk customers.

Regulatory Reporting

Submit accurate and flawless reports to help authorities track financial criminals effectively.

Events

KYB Intelligence: Connecting the Dots Between People and Companies

Product Updates

Scanning the Specifications of RapidAML’s Screening Solution
Services

Enterprise-Wide Risk Assessment

A most strategic matter, no hidden ML/FT risks crawl behind the velvet curtains of your palace.

Regulatory Reporting

A pristine declaration of accuracy empowering FIUs to take appropriate actions against financial crime with ease.

AML/CFT Policies, Procedures, and Controls Documentation

The rules of high society for those who fail to observe them risk financial disgrace.

AML/CFT Training

A proper education in ML/FT risks, lest one unwittingly aid a money launderer’s grand deception.

KYC & CDD Managed Services

One must always know who they’re dealing with, lest they unknowingly dance with ML/FT risks.

AML/CFT Health Check

A third eye that not only pinpoints irregularities but also prescribes the right remedy.

In-House AML Compliance Department Setup

Assembling a trusted inner circle, only the most astute shall guard your reputation from ML/FT crimes.

Infographics

How AUSTRAC Works with Industry and Partners to Strengthen Australia's AML/CTF Framework

eBooks

ML/FT Risk Management: The Watchful Eyes of Second Line of Defence
Resources

Articles

Detailed explorations, best practices and sharp perspectives on AML compliance.

eBooks

In-depth and engaging guides packed with strategies and compliance wisdom to help you master key topics.

Videos

AML explained in motion. Quick, clear and easy to grasp.

Product Updates

Fresh features and enhancements for smoother, smarter, and more efficient compliance.

Infographics

Complex AML concepts simplified and visualised for quick understanding.

Events

Stay in the loop with sessions that talk about compliance and connect the community

Articles

Top 10 Advantages of AML Compliance

Videos

KYC vs KYB: Everything You Need to Know in under 5 Minutes!
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Why are Accountants and Auditors considered as Gatekeepers for identifying ML/TF and PF risks

Accountants and auditors act as gatekeepers in identifying and mitigating risks associated with Money Laundering (ML), Terrorism Financing (TF), and Proliferation Financing (PF).

Their unique position as gatekeepers stems from the role they play in the business’s financial management as well as the financial expertise they have, which enables them to detect ML, TF and PF threats effectively. Auditors are sometimes also tasked with reviewing the Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Combating Proliferation Financing (CPF) program of a business, allowing them to identify vulnerabilities and suggest measures to fill those vulnerabilities.

Accountants and auditors are also uniquely positioned to identify various red flags that may indicate ML, TF, and PF risks. These red flags include:

Complex Business Structure
Anomalies in Transactions
Hiding Information
Inconsistencies with Historical Customer Profile
Third Parties Involvement
Geographical Factors
Politically Exposed Persons Involvement

With their financial expertise, accountants and auditors can detect these red flags and identify if these indicate ML, TF or PF risks.

Our latest video elaborates upon the role of accountants and auditors as gatekeepers for identifying ML, TF and PF risks. Watch now to gain a detailed understanding of how accountants and auditors help in the fight against ML, TF and PF risks.