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- Financial services – current issues under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006
Financial services – current issues under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006
- By Shirley Liew
- Published 6/07/2009
- Risk Watch
- Unrated
Our Risk Management Division has considerable expertise in all facets of the legislation. We can assist you and your colleagues and staff to weigh up your alternatives to achieve the best outcome in the long-term.
We can offer advice and assistance around:
- assessing your money laundering and terrorist financing risk
- designing risk assessment models reflecting your individual business needs and circumstances
- performing gap and impact analyses against regulatory requirements
- designing and developing AML/CTF programs, policies and procedures
- creating upfront and ongoing customer due diligence programs, including programs that can help to identify ‘politically exposed persons’
- undertaking due diligence of customers, employees, suppliers and potential acquisitions
- developing and delivering tailored AML/CTF risk awareness training programs
- conducting AML/CTF compliance ‘health checks’ and independent reviews of AML/CTF programs
- reviewing remediation programs
- investigating specific allegations of money laundering and the financing of terrorism.
