Financial institutions must implement risk management as a feature in the AML Solutions and AML systems to enhance their controls in the complex environment. Risk Assessment forms the basis for applying to AML compliance programme. AML Solutions and AML systems must include risk assessments and customer screening policies and procedures and policies regarding high risk and special categories of customers.

Our Risk Assessment Solution will provide a more in-depth assessment of Risk based on FATF Recommendations on “Risk-based Approach” where the whole concept of Risk Assessment will be based on the organization’ s business model and risk appetite.

To address the ML/TF/PF and other emerging risks, entities shall identify, assess, and understand ML/TF/PF and other emerging risks they face at entity level for customers, products, services, delivery channels, technologies and their different categories of employees etc. Our Risk Assessment and Customer Profiling Solution will provide a comprehensive calculation of customer risk profiling based on predefined risk dimensions (Such as Customer Type, Geographic Location, Products and Services and Delivery Channels) that will be in line with FATF’s recommendations and regulatory requirements.