Policy Development: Update and refine AML policies and procedures to ensure they reflect current regulatory requirements and best practices.
Assess Partners for AML Risk: Evaluate partner programs to understand AML risks specific to each partner, define necessary AML processes, and identify ways to reduce risks while maintaining customer experience.
Compliance Training: Conduct AML training sessions for bank staff to enhance their understanding of AML regulations and compliance importance.
Risk Assessment: Regularly assess AML risks related to products, services, clients, and geographies. Adjust...