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Showing posts from December, 2021

5 Key Components of an AML Compliance Program

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  Security controls continue to advance in order to keep financial businesses stress- and fraud-free. Though, not everything in the garden is rosy: incorporating new measures doesn’t come as smoothly as it should. Business owners have to invest their time and resources in renovating their Anti-Money Laundering ( AML) and Counter-Terrorist Financing (CTF) policies, building compliance programs more steadily.

Due Diligence - Physical Security and Visitors

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  With the prevalence of cyber-related attacks and data breaches, it is easy for the focus of small business leaders to be drawn away from the physical security of their organization. But without a solid base of physical security, the policies and procedures we put in place to mitigate cyber-attacks become useless. When implemented correctly, physical security should: Prevent unauthorised persons accessing your premises, information or assets; Maintain the trust and confidence of the people and organisations you serve or work with; Deliver services without disruption in the event of a disaster; Meet any regulatory obligations your business falls under. Put simply, physical security is the combination of physical and procedural measures implemented to mitigate risks to your people, information and assets. Just like with any other steps we take to minimise potential harm to our businesses, the best way to start is with a risk-based approach. The people, information, physical assets a...