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Q4 2024 AML Risk Assessment
AML ComplianceMedium Risk
January 10, 2024
Risk Score
72/ 100
Risk Level
Medium
Assessment Summary
This assessment evaluated AML compliance risks across all business operations. Several areas of concern were identified that require attention.
Key Findings
4 findings identified
- 1Customer due diligence procedures need enhancement
- 2Transaction monitoring thresholds require adjustment
- 3Some vendor contracts lack proper AML clauses
- 4SAR filing procedures require updating
Recommended Procedures
4 recommendations
- 1Implement enhanced due diligence for high-risk customers
- 2Review and update transaction monitoring rules
- 3Update vendor contracts with compliance team
- 4Conduct SAR filing training within 30 days