Three Pillars of an AML Compliant Organisation

Within the boundaries of the legal and regulatory framework Senior Management must give due consideration to, and decide on a clear and unambiguous vision for the firm with respect to business integrity topics such as Money Laundering and Bribery & Corruption. This vision must be unequivocally communicated to all staff and become embedded in the organisational culture.

The corporate vision is the backdrop against which the organisational integrity risk appetite is subsequently determined. This is an essential step to giving the vision tangible impact for staff.

The answer to the question "What is our risk tolerance?" will in turn lead to the framework of a policy for the company. This policy must be detailed enough to provide guidance, but not too prescriptive to hold the organisation hostage.

Once the policy is decided on, effective operational control over business integrity topics depends on getting it right in three critical areas:

  • corporate governance & procedural controls;
  • business integrity education strategy
  • information and tooling

Let i-KYC be your sparring partner as you migrate through all of these phases.

  • Business Integrity Solutions

    All of our work for you shares a common objective – a focus on the business benefits of KYC with your client at the centre of your business.

  • AML Training

    Effective AML training of your ‘first line of defense’ is critical to preventing your organisation from becoming unwitting facilitators of financial crime.

  • Are you in control?

    How exposed is your organisation to money laundering and terrorism financing risks? Take our five-minute RISK SCAN teaser here to find out. 

  • Money Laundering Challenge

    Can you think like a criminal and succesfully launder dirty money? To start the challenge and test your skills click here.