Top three challenges businesses face in meeting regulatory expectations for money laundering and terrorism financing risk assessments

Many businesses simply lack the knowledge, skills, and experience to identify and assess how they could be exploited by organised criminal networks. They also struggle with designing, implementing, and maintaining an effective AML / CTF Program with appropriate and proportionate controls, commensurate with the identified risks.

These challenges are compounded by the constant flux of both external and internal environments in which businesses operate, making it almost impossible for under-resourced companies to stay up-to-date.

Arctic Intelligence have helped hundreds of small and medium-sized businesses overcome these challenges. In their latest snapshot, they discuss the three most common challenges faced by these businesses and explain how AML Accelerate has helped overcome them.

Access your free snapshot here.