Initialism brings together expert knowledge, extensive experience, and real world perspectives, in the area of Anti Money Laundering / Counter Terrorism Financing (AML/CTF) and Targeted Financial Sanctions (TFS) to help you navigate your legal and regulatory obligations.
As experienced AML consultants we can assist your business with AML compliance and AML risk management.
An AML/CTF program is the policies, procedures and controls necessary to mitigate and manage money laundering and terrorism financing and financial sanction risks, and a core component of any AML compliance and risk management activity.
We provide AML consulting services that deliver tailored AML compliance solutions for all regulated entities, across the Financial Services Industry, as well as all Designated Non-Financial Businesses and Professions (DNFBPs), such as:
The AML consultants at Initialism bring together real world perspectives and a diverse and extensive body of experience, including:
Initialism offers a range of AML solutions to support businesses already undertaking AML/CTF and TFS activity, as well as those coming to grips with AML compliance and risk management for the first time.
With our solutions you can effectively and efficiently address your AML/CTF and TFS compliance needs, achieving outcomes that are proportionate, cost effective, and tailored to your business, regardless of the size and complexity of your organisation.
Law and regulation requires that businesses who are vulnerable to Money Laundering (ML) and Terrorist Financing (TF), as well as Financial Sanction (FS) risks have a written AML/CTF Program (policies and procedures) that actively deters the illegal use of their products and services.
We offer AML/CTF programs aligned to your business and risk management needs.
As the foundation of a Risk Based Approach (RBA) it is crucial to assess and understand Money Laundering (ML) and Terrorist Financing (TF), as well as the Financial Sanction (FS) risks faced when going about normal business activities.
Our AML/CTF Risk Assessment solutions are the starting point for your business to understand and assess the potential ML/TF and FS risks you need to manage.
Law and regulation require businesses to periodically have their AML/CTF compliance and risk management activity independently reviewed. This is to ensure your business is meeting AML compliance obligations, and they remain effective at managing potential risks, are up to date and are regulatory compliant.
Our tried and tested review methodology provides business focused outcomes to support your compliance and risk management efforts.
Relevant and appropriate training is vital to ensure that senior managers and employees are fully aware of their responsibilities, and comply with the requirements of your AML/CTF program.
We offer complete AML/CTF training programs appropriate for your business’ training needs.
“The independent review provided real world insights in how we could improve our AML/CTF compliance.”
"You really took the time to understand our business and worked closely with us to develop an AML/CTF program that worked for our business."
“The expertise and relevant experience you provided in preparing us for our onsite visit by AUSTRAC meant we were able to articulate the AML/CTF compliant culture we had worked hard to develop.”
“The independent review you provided helped us prepare for an AUSTRAC visit with confidence and meant we were able to articulate what we were doing to improve our AML/CTF program.”
“The support we received meant we were able to refine our controls and align them more closely to the ML/TF risk of our business and our client base.”
Having a comprehensive AML/CTF program in place is vital if you are to comply with evolving AML legislation and AML regulations.
Heavy penalties can apply for breaches of AML compliance requirements, which may damage reputation and significantly impact a business.
We work tirelessly to stay on top of developments in the fields of AML/CTF and TFS compliance and risk management.
We will help you and your business to keep up with the latest from our industry.
Please register with us to receive free updates and papers we publish.
On the 21st December 2016 AUSTRAC published its money laundering and terrorist financing risk assess...22 December, 2016 AML CTF Risk Assessment 0 Likes