Date post: | 28-Nov-2014 |
Category: |
Economy & Finance |
Upload: | cdds |
View: | 259 times |
Download: | 4 times |
AML- reminder of your obligations and needs
Within this framework you have the obligation to apply customer duediligence measures by:
identifying customers and beneficial owners as well as theirrespective businesses
allocating an AML risk classification to each one of them on a riskbased approach (RBA)
maintaining a continuous follow-up of customers relative to the riskthey present
Compliance with anti-money laundering (AML) andKnow Your Customer (KYC) regulatory requirements isa legal obligation.
In relation to your customers and their activity, you further have theobligation to:
maintain documents
monitor transactions with particular attention
notify and cooperate with authorities
incorporate a customer’s name into transfers
have an adequate internal organization in place
know your own AML risk pertaining to your clients
provide regular training to your staff
Compliance with anti-money laundering (AML) andKnow Your Customer (KYC) regulatory requirements isa legal obligation.
AMLspotter, an all-in-onesolution that provides you:
AML risk management
Dynamic KYC / KYT
AML Risk Classification
Manual & Automatedname screening
Recurrent controls
AML risk dashboard
Detailed reporting
CDDS makes you compliant with your AML/CTFobligations