AML/CTF Independent Review Tool

Initialism’s proprietary Independent Review Tool systematically supports an assessment of an AML/CTF Program, automatically generating a detailed report that sets out findings and recommendations for each relevant part of the AML/CTF Rules.

DELIVERING AN EXPERT UNDERSTANDING OF COMPLIANCE WITH AML/CTF REQUIREMENTS

The AML/CTF Independent Review Tool was built, and is maintained, by Initialism’s team of AML/CTF experts, who have unrivalled experience in AML/CTF compliance.

AN AML/CTF COMPLIANCE ASSESSMENT WITH UNIQUE DEPTH AND BREADTH

Initialism identified 300 plus questions which need to be answered to establish whether an AML/CTF Program is compliant with the AML/CTF Act and Rules.

ASSESSMENT OF AML/CTF PROGRAM DESIGN ADEQUACY

The Independent Review Tool assesses whether an AML/CTF Program is adequately designed and therefore:
– Appropriate based on the ML/TF risks; and
– Compliant with the AML/CTF Rules.

ASSESSMENT OF AML/CTF PROGRAM’S OPERATIONAL EFFECTIVENESS

The Independent Review Tool assesses whether an AML/CTF Program is operationally effective because it:
– Has been effectively implemented; and
– Is being complied with by the business.

FLEXIBLE AML/CTF COMPLIANCE ASSESSMENT OPTIONS

The Independent Review Tool supports:
– A comprehensive review of Part A of an AML/CTF Program; or
– A limited document review of Part A of an AML/CTF Program; or
– A targeted review of part(s) of an AML/CTF Program, including Part B (CDD).

THE INDEPENDENT REVIEW TAKEN TO THE NEXT LEVEL

The Independent Review Tool increases the demonstratable and systematic rigour of an independent review, at the same time reducing the time and effort required and therefore the cost of the review.

INITIALISM’S AML CHECK SOLUTIONS

The Independent Review Tool is used to deliver all of Initialism’s AML/CTF Independent Review solutions. Find out more about AML CHECK

Talk to us about our AML/CTF Independent Review Tool and how it supports our AML CHECK solutions for AML/CTF Independent Reviews.