How do you know that your Anti-money laundering (AML) Compliance program is effective?
Transaction testing:How it is conducted ➡ Reviewing a sample of transactions to identify potential instances of money laundering or terrorist financing.Purpose 👉 To identify weaknesses in the AML program and provide an opportunity to address them. Customer testing:How it is conducted ➡ Reviewing a sample of customer files to ensure that customer due diligence and […]
