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Risk And Compliance

The Risk and Compliance module is related to Money Laundering and Terrorism Financing (LAFT) policies. This module creates a relation to the classification of clients' asset laundering risks, which must be classified into four levels or categories of risks. This grade occurs from the beginning of the relationship with customers and updated throughout the relationship.

Features of the Expenditures module:

  • Review of risk management reports for high-level risks, in particular those strategic risks which inform long-term decision making;
  • Analysis of the risk management process and its effectiveness; and
  • Review of organizational internal controls and their effectiveness.

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