ARE YOU READY AS A FILING AGENT FOR AML CTF GUIDELINES WEF
8 JUNE 2015?

For Policy & Framework

DO YOU:

  • Have a IPPC document
  • Have a Risk Assessment framework
  • Have a control structure & tracking for all CDD
  • Have a screening database encompassing FATF, TOSFA, IM-TD, MAS sanction list, ICIJ etc
  • Have proper guidance for documentation for screening
  • Have a STR reporting structure
  • Have an internal communication channel for all IPPC
  • Have a AML CTF training programme

For Execution and Documentation

DO YOU:

  • Perform risk assessment for all customer based on specific risk factors relevant to your business & customer profile
  • Perform AML CTF procedures according to the assessed risk of CDD from simplified to enhanced
  • Have a control structure & tracking for all CDD
  • Have proper guidance for documentation for screening
  • Have a STR reporting structure
  • Perform source of funds and wealth for PEP
  • Perform effective testing of your AML CTF procedures

If you are unsure, do not wait. Non-compliance will lead to disruption of your business, adverse reputation risk and devastating enforcement actions against regulatory breaches.