If you provide one of the Designated Services defined in S6 of the AML/CTF Act you are required to implement either a standard, joint or special AML/CTF Program. The law requires that AML/CTF Programs be documented and records must be kept of any variations to the program.
The requirement to take a risk based approach to AML/CTF assumes that organisations have risk, compliance, human resources and training programs in place. The CompliSpace AML/CTF Program Architecture works seamlessly with existing modules to assist clients meet their obligations in these areas.
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