AML - Navigator
Here, you will find:
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Risk assessment tools to help you efficiently meet your AML obligations
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Materials, including articles and e-books, on best practices for financial crime prevention
Everyone brings insightful suggestions and thoughts to the table. I am prepared with solutions.
Expertise:
Mandatory risk assessment available on demand
Professional approach
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40 active fields determining an accurate self-risk assessment.
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Product created by an AML practitioner with over 13 years of experience.
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Significantly lower risk of a financial penalty compared to situations where the document is created using a free but limited template from the internet, such as an “AML risk assessment sample.”
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Transparent and user-friendly tool, compliant with EU AML regulations and FATF recommendations.
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The tool can be configured to meet individual needs.
AML Expertise for Everyone
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Numerous explanations and comments, written in very simple language, clarify complex concepts from AML regulations.
Self-risk assessment is a formal document that each obligated institution must prepare. It is defined, inter alia, by 4th EU AML Directive (EU) 2015/849 or EU AML Regulation: (EU) 2024/1624.
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Written in clear and simple language, this e-book offers a wealth of ready-made solutions and examples of efficient onboarding. Currently, the e-book is available only in Polish.
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Understanding AML regulations becomes easy, and the onboarding process is more customer-friendly.
Greater efficiency in client onboarding
Guidelines for every type of client and related individuals
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With numerous examples and best practices, it’s easy to understand the mandatory data to be collected, as well as optional information that enhances onboarding efficiency.
Download the demo version for free!
6 Step-by-Step Methods for Identity Verification
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The e-book provides a detailed description of the operation and implementation of various client identity verification methods, including five remote methods.
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It also includes a security ranking of the methods, along with their advantages and disadvantages.
The e-book interprets the latest version of the Polish Anti-Money Laundering and Counter-Terrorist Financing Act.
It primarily focuses on Article 34, Section 1, Point 1, covering customer due diligence such as client identification and identity verification.
Latest publications
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Guidance for obligated entities self-risk assessments
Every institution subject to the AML regulations is required to create a self -risk assessment document. Check out this article to learn how to step by step prepare a complete risk assessment for an obligated institution and which mistakes to avoid.
See the 4th EU AML Directive: (EU) 2015/849, Chapter 1, Section 2, Article 8 for details.
Typically, a self-risk assessment must be updated at least once every two years and whenever a significant change occurs (e.g., the introduction of a new product).
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Quick explanation
Customer due diligence requirements, as outlined in the 4th EU AML Directive:
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Identification and verification of the customer's identity
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Identification of the ultimate beneficial owner (UBO)
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Assessment of business relationships.
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Ongoing monitoring of business relationships.
The text clearly explains each of these measures in a simple and understandable way.
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Quick Guidance
How to Verify the Source of Funds for Cryptocurrencies?
In this article, you’ll learn what an effective process for verifying the source of funds should look like for the crypto industry and beyond.
Verification of the source of funds, in accordance with the AML regulations, involves verifying the origin of the financial assets at the client’s disposal.
You can find the original article written for ICA (a renowned organization training AML professionals) here.
Contact
Jan Westphal
+48 500412551
The store operates as an unregistered business in accordance with Article 5 of the Polish Entrepreneurs' Law. This means that revenue up to approximately $11,000 annually does not require the registration of a business.You can confirm my identity by checking my verified LinkedIn account. An account with a shield icon indicates that a passport was used for verification.