AML Health Check
AML Health Check
Every country has its own set of AML regulations, the way India has the Prevention of Money Laundering Act, 2002 (PMLA). These national laws align with international AML requirements and expectations from FATF.
But these regulations undergo continuous changes in response to the varying risks of money laundering and other financial crimes. Regulated entities must walk alongside these changes to avoid missing any compliance requirements or exposing their business to the developing money laundering techniques.
To ensure complete compliance with AML laws, a regular AML health check is critical. You get an idea of your business’s status on AML compliance. You get to know the specific areas of compliance that need attention for improvement.
To ensure complete compliance with AML laws, a regular AML health check is critical. You get an idea of your business’s status on AML compliance. You get to know the specific areas of compliance that need attention for improvement.
Check your AML compliance performance with our AML/CFT health check services.
About AML India’s AML/CFT health check services
AML India is an expert AML/CFT consulting partner for entities in India. We help small and large companies in India comply with the relevant AML/CFT regulations. We guarantee quality services on time to avoid penalties or fines for non-compliance.
Our AML/CFT Health Check services include an evaluation of the compliance requirements you are obligated to follow. We also review your existing AML framework to see to what extent and how effectively your existing policies and procedures help you achieve your AML requirements.
As a part of the review of the AML/CFT framework, we check your:
- AML Business Risk Assessment methodology
- AML policies and procedures
- KYC/KYB forms
- Screening procedures
- Customer Risk profiling process
- AML reporting procedure
- AML Records management
- AML Training programs
Once we evaluate all these components of your AML/CFT framework, we collate our findings and suggest appropriate recommendations to improve the existing AML policies and controls. We provide you with a detailed AML health check report consisting of the following:
- Detailed observation of your business’s AML framework
- Opinion on the overall AML compliance level of the company
- Suggestions on areas of improvements
- Recommendations on all possible remedial actions to improve your compliance
As a part of the review of the AML/CFT framework, we check your:
- AML Business Risk Assessment methodology
- AML policies and procedures
- KYC/KYB forms
- Screening procedures
- Customer Risk profiling process
- AML reporting procedure
- AML Records management
- AML Training programs
Once we evaluate all these components of your AML/CFT framework, we collate our findings and suggest appropriate recommendations to improve the existing AML policies and controls. We provide you with a detailed AML health check report consisting of the following:
- Detailed observation of your business’s AML framework
- Opinion on the overall AML compliance level of the company
- Suggestions on areas of improvements
- Recommendations on all possible remedial actions to improve your compliance
