WHAT IS AMF/CTF COMPLIANCE?
Anti-Money Laundering and Counter-Terrorism Financing Rules (AML/CTF Rules) aim to prevent money laundering and the financing of terrorism by imposing a number of obligations on the financial sector, gambling sector, remittance (money transfer) services, bullion dealers and other such professionals or businesses (known as ‘reporting entities’) that provide similar services.
WHAT IS AMF/CTF COMPLIANCE PROGRAM?
Your AML/CTF program must show how you address the money laundering and terrorism financing risks your business or organisation may reasonably face. You must develop and document the policies, procedures and controls you use to identify, mitigate and manage those risks.
Why Do You Need an Anti-Money Laundering Compliance Program?
The law
Every accountable person shall take measures to ensure that neither it or
its services are used to commit money Laundering and terrorist financing.
Risk Assessment
According to AML Act and Regulations, Accountable Person is expected to setup an AML/CTF Compliance Program so as not to be used by criminals to launder money or financial terrorism.
Financial Crime Investigation and Enforcement Advisory
Finacial crime takes many forms including Money Laundering, Terrorism Financing, Fraud, Identity Theft and other forms.
Financial Institutions are often a target of these types of crimes either internally or from external sources. Regulators often respond through Administrative Sanctions across Fines and Penalties and often Criminal Sanctions.
Who We Are
Incorporated in 2011., Smith & Bolton is a team of Lawyers, Compliance Practitioners, Internal Auditors and Risk Management Practitioners.
Through practice experience and Global partnerships we deliver best in class services to a growing list of satisfiedcustomers.
How We Work
We are focused on ensuring our Anti Money Launderingpractice meets the needs of your business and address yourregulators demands for AML/CTF Compliance.
Why Us?
1
Independent AML/CTF Compliance Audit
2
Independent AML/CTF Assessment & Compliance
3
AML/CTF Financial Crime & Enforcement Advisory
4
AML/CTF Training Programs
Our Services
Each Accountable Person is a subject to its own AML/CTF risk profile, to conduct regular risk assessments for their business and products which should be an Integral part of their AML/CTF Compliance Program.
We design AML/CTF Compliance Programs that are easy to use and regulator friendly.