That’s how much money is quietly coursing through the global money laundering network each year.
Without the right frameworks in place, it is a formidable challenge for companies and authorities to detect and manage risk.
Illicit activity accounts for 2-5% of the world's GDP.
If you're not vigilant, your business runs the risk of unwittingly becoming a part of this.
Sending a message that you are committed to ethical and lawful conduct is the only way to truly maintain trust with clients and stakeholders.
Reaching and maintaining compliance can be overwhelming and a struggle…but it doesn’t need to be. That’s where the right risk management frameworks need to step in to help you implement AML controls effectively.
Stop wasting your time trying to understand and juggle complicated AML and compliance requirements while trying to grow your business at the same time. There’s already a proven solution that will work for you.
We've made our automated tools simple and easy to deploy instantly to identify the gaps in your business.
Navigate the world of complex threats and reach compliance quickly rather than having to wait to see results.
Continue to do business without the constant worries of facing fines or falling victim to fraudulent activity.
Through a combination of our…
Effective risk management depends on well-structured frameworks, providing a systematic approach to assess, manage, and mitigate risks associated with money laundering. To learn more about the key aspects of our risk management frameworks, hover over the relevant spots below:
Effective risk management depends on well-structured frameworks, providing a systematic approach to assess, manage, and mitigate risks associated with money laundering. To learn more about the key aspects of our risk management frameworks, expand the relevant sections below:
Risk Assessment: Frameworks help financial institutions identify and evaluate the specific risks they face concerning money laundering. These risks can vary based on the institution's operations, customer base, and geographical location.
Policies and Procedures: AML frameworks guide the establishment of policies and procedures that define how an institution will detect and report suspicious activities. This clarity is vital for efficient risk management.
Due Diligence: Risk management frameworks include due diligence requirements that ensure institutions thoroughly assess their customers and business relationships. This helps in identifying potential money laundering activities.
Audit and Evaluation: An essential part of risk management frameworks is auditing and evaluating AML procedures to ensure they are effective in mitigating money laundering risks.
Monitoring and Reporting: Risk management frameworks guide institutions on how to continuously monitor customer transactions and report any suspicious activity to relevant authorities.
Training and Awareness: Frameworks emphasise the importance of training employees and creating awareness about AML policies. Well-informed staff are better equipped to spot suspicious transactions.
Frameworks help financial institutions identify and evaluate the specific risks they face concerning money laundering. These risks can vary based on the institution’s operations, customer base, and geographical location.
AML frameworks guide the establishment of policies and procedures that define how an institution will detect and report suspicious activities. This clarity is vital for efficient risk management.
Risk management frameworks include due diligence requirements that ensure institutions thoroughly assess their customers and business relationships. This helps in identifying potential money laundering activities.
An essential part of risk management frameworks is auditing and evaluating AML procedures to ensure they are effective in mitigating money laundering risks.
Risk management frameworks guide institutions on how to continuously monitor customer transactions and report any suspicious activity to relevant authorities.
Frameworks emphasise the importance of training employees and creating awareness about AML policies. Well-informed staff are better equipped to spot suspicious transactions.
Our deep understanding of the intricacies of AML risk management allows us to simplify even your most complex issues for you.
Driven by robust frameworks, our solutions will enable you to understand exactly what you need to do, and get the bigger picture about your true risk detection capabilities.
At the heart of it all is Risk Legion’s unique offering – our premier, never-before-seen ready-made AML solution, the easiest and most convenient way yet to reach full regulatory compliance.
We bring you the valuable and actionable insights you need with an ease of use that is unprecedented in the industry.
From robust risk assessments to end-to-end technology solutions, we have the right knowledge and background for your business to be compliant, secure, and ahead of regulatory changes without sacrificing the effectiveness or quality of the solution.
As threats get more sophisticated, companies need more sophisticated capabilities to proactively detect and fight them. With decades of experience that you can trust, let us handle your AML frameworks so you can get back to focusing on what matters to you: running your business.
Risk Legion is your dedicated partner in navigating the complex world of Anti-Money Laundering (AML) compliance. With a wealth of expertise, ready-to-use solutions, and a commitment to safeguarding your business, we empower you to stay secure, compliant, and ahead of the curve in today’s ever-evolving financial landscape.
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