Reduce Costs AML/CTF Outsourcing
AML/CTF Outsourcing: The AML360™ tech-model incorporates risk-management reporting and ML/FT subject matter expertise into one unified ML/TF compliance solution.
What Are The Benefits of AML/CTF Outsourcing?
AML360™ delivers your business with a professionally structured money laundering/terrorism financing risk assessment through 'Point and Click' reporting technology.
Supporting Entities Through the Transition
To support businesses through this transition, AML360™ is providing business entities with ‘Point and Click’ ML/TF risk-based technology.
Adopting AUSTRAC resources and guidelines, the ML/TF risk report can be subscribed to from legal, accounting, real estate and jewellery services.
AML360™ emphasises a governance and risk-management practice to meeting AML/CTF compliance obligations. By strengthening risk management capabilities ahead of the implementation deadlines, Australian business entities can demonstrate good governance.
Challenges and Opportunities Ahead
Shifting to a risk-based model presents both opportunities and challenges – especially to small sized entities.
Opportunities of adopting a risk-based approach include improved efficiency of human resourcing and allocation of compliance resources.
Challenges: For businesses that lack enhanced skills in risk assessment and ML/TF subject matter expertise, they are likely to find this can create a significant financial strain.
Reduce Compliance Costs with ML/TF Risk-Based Technology
The risk-based approach is a cornerstone of AML360™ regulatory technology. This ensures business entities can instantly implement modern AML/CTF systems for ML/TF risk-based reporting.
In this sense, AML360™ not only provides your business with a ‘Click & Go’ professional solution to complete the business money laundering/terrorism financing risk assessment, but AML360™ can provide a risk-based AML/CTF Program. This includes a framework configured as ML/TF software technology designed for easy navigation, adaptability to regulatory updates and a intelligence-driven, ongoing ML/TF risk reporting.
How To Use AML/CTF Outsourcing
(AUSTRAC)