Online tool for developing an AML/CTF Program
If you are regulated under the local Anti-Money Laundering and Counter-Terrorism
Financing (AML/CTF) legislation, you must have an AML/CTF Program specifying how you comply with
these laws. The Program will show how you identify, mitigate and manage the risk of your
products or services being used for money laundering or terrorism financing.
Using bronID, you can create a Program that is appropriate to the level of risk your business or
organisation are facing. It will also enable you to develop suitable policies and procedures to
mitigate the ML/TF risks and reduce the regulatory risk of incompliance.
One tool to execute your AML/CTF policies with ease
Developing an AML/CTF Program is not enough. You must make sure that you can execute the policies and procedures that you have included in your Program. The bronID Portal comes with a set of tools that you can use for critical processes defined in your AML/CTF Program such as ID Verification, enhanced due diligence or staff training.