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Cloud money laundering7/20/2023 Oracle Financial Crime and Compliance Management Cloud Service is a software as a service that is. It is a tool that makes all other crimes possible - from drug trafficking to political crimes. An end-to-end AML solution for midsize financial institutions. The Anti-Money Laundering Health Check platform also contains rich data analytics that provide actionable business intelligence including real-time operational dashboards for tracking open and outstanding actions, issues and risks interactive reports which can slice and dice audit data in many ways including, drilling into particular areas of interest, as well as, benchmarking audit outcomes across different timeframes, divisions and countries, it can even summarise on a single page the compliance status across hundreds of compliance obligations. Money laundering is an illicit activity that poses great reputation and regulatory risks to financial institutions. Money laundering is more than a financial crime. The Anti-Money Laundering Health Check platform has been designed to leverage best practices in risk management controls assurance and was built based on a logical hierarchy that links rules and obligations, with policies, risks and controls and provides a means of assessing compliance against obligations, prioritising responses, providing auditor comments and management responses, as well as, assigning actions and attaching documentary evidence to support audit findings.Īfter the assessment has been completed for each compliance obligation users can create executive summary reports directly from the platform, highlighting the key observations, findings and recommendations, as well as, actions, issues and risks identified during the review process. On SeptemDanske released the findings of the investigation from Bruun and Hjejle. The Anti-Money Laundering Health Check solution is an online platform dedicated to controls assurance and provides a structured framework for conducting independent reviews to assess the design and operational effectiveness of anti-money laundering and counter-terrorism financing programmes. LTIMindtrees Anti-Money Laundering (AML) Solutions - AML advisory empowers banks and financial companies to manage AML risks and compliance offering.
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