Our AML/CFT Services
The first step in ensuring AML/CFT compliance is by implementing adequate policies and procedures which are commensurate with the nature and size of your business. To achieve this, reporting entities are required to understand the risks which they are exposed to, and document the policies, procedures and controls implemented across the business to mitigate those risks.
Paperworks provides a full range of AML/CFT compliance solutions aimed at assisting reporting entities in complying with their obligations and ensuring effectiveness of AML/CFT measures implemented.
AML/CFT Risk Assessments
Assist with the preparation and conduct of AML/CFT Institutional Risk Assessments, including documentation of the Institutional Risk Assessment Report
AML/CFT Compliance Programmes
Development and establishment of an AML/CFT compliance framework which fits your business profile, including drafting of compliance manuals
AML/CFT Document Reviews
Reviewing and providing recommendations on existing AML/CFT Documentations such as risk assessments and policies and procedures in place to ensure their suitability for your business and their alignment with AML/CFT legislations
AML/CFT Awareness
Provision of general and targeted awareness sessions to raise the level of staff’s understanding of AML/CFT obligations and improve effectiveness in their implementation of AML/CFT policies and procedures
AML/CFT Audit/Compliance Reviews
Conduct of full-scope and targeted AML/CFT audits/compliance reviews to assess the effectiveness of procedures and systems implemented, and provide remedial acctions for rectification of deficiencies
Post-Audit Remediation
Post-audit assistance with implementation of remedial actions provided as part of AML/CFT Audit/Compliance reviews and undertaking of remedial process with you to ensure deficiencies are rectified effectively
Annual Compliance Reporting
Assist in the preparation of Annual Compliance Report in line with regulatory requirements and as per guidelines/directives issued by the respective Supervisory Authorities
Regulatory Support
Provide support to prepare for regulatory inspections. Assistance also provided to respond to regulatory inspection results and in the rectification of deficiencies identified