Checklist: Test your AML readiness
Every year, up to €1.53 trillion is laundered globally, yet only around 1% is ever recovered. At the same time, AML teams face false positive rates as high as 95%, while the cost of compliance keeps rising. This checklist helps compliance and risk professionals take stock of their current AML frameworks.
By highlighting inefficiencies, outdated processes, and operational bottlenecks, it provides a clear view of where improvements are needed and how to create the capacity to focus on your core mission: delivering safe, secure financial services.
Every year, up to €1.53 trillion is laundered globally, yet only around 1% is ever recovered. At the same time, AML teams face false positive rates as high as 95%, while the cost of compliance keeps rising. This checklist helps compliance and risk professionals take stock of their current AML frameworks.
By highlighting inefficiencies, outdated processes, and operational bottlenecks, it provides a clear view of where improvements are needed and how to create the capacity to focus on your core mission: delivering safe, secure financial services.
What’s inside
✓ Key questions to assess the strength of your AML framework
✓ A simple but effective scoring method to highlight gaps and strengths
✓ Guidance on spotting outdated processes and operational bottlenecks
“AML teams need to be open to digital and IT tools. Machines will be able to process large volumes of information and enhance human capabilities. However, senior expertise will still be crucial for the final assessment, due to increasingly complex regulations and the sheer volume of data.”
Stefan Delaet — General Manager Financial Crime at KBC Group
Assess your readiness here.
Download checklist
Want to take your AML framework from reactive to proactive?
