AML Implementation
Portuguese Financial Institution
AML Implementation
Following the strengthening of the regulatory framework and the Bank of Portugal's requirements regarding money laundering and terrorist financing (AML/CTF), the Financial Institution had to implement an AML solution that could
- Identifying Customers or potential Customers that are included in sanction/embargo lists
- Assigning and managing a Customer risk level
- Identifying transactions that raise suspicions of money laundering and terrorist financing
- Supporting the
enquiry and reporting of suspicious transactions - Creating management support reports