Many businesses are simply not equipped with the knowledge, skills and experience to be able to identify and assess how they could be exploited by organised criminal networks. Nor do they know how to design, implement and maintain an effective AML/CTF Program with appropriate and proportionate controls, commensurate with the identified risks.
These challenges are compounded by the fact that both the external and internal environments businesses operate in are in a constant state of flux. This makes it almost impossible for under-resourced companies to stay up-to-date.
We've helped hundreds of small and medium-sized businesses overcome these challenges. In our latest snapshot, we discuss the three most common challenges faced by these businesses and explain how AML Accelerate has helped overcome them.