Checklist for Recognising Disguising of Funds to Ensure Robust AML/CFT Compliance

It is necessary for Regulated Entities to analyse the movement of funds through Regulated Entities. Regulated Entity’s personnel such as a member of the customer onboarding team appointed as frontline staff, MLRO or transaction monitoring analysts, needs to assess, mitigate or report the risks related to movement and obscuring of funds through Regulated Entities. 

Here is a ‘one-click away’ downloadable Checklist for Recognising Disguising of Funds to Ensure Robust AML/CFT Compliance + RACI matrix to ease your compliance work. This checklist includes: 

• Identifying obscure fund movements across DNFBPs, VASPs, and FIs that may indicate ML/TF. 

• Assessing control measures for document verification, customer profiling, and cross-border transactions to detect unusual patterns and layering. 

• Implementing a RACI matrix to assign roles and responsibilities and escalation when suspicious activities arise. 

• Strengthening regulatory compliance by aligning with FATF guidelines and domestic AML/CFT expectations. 

Download this checklist for Recognising Disguising of Funds to Ensure robust AML/CFT compliance + RACI matrix, whether you are in Dubai or Abu Dhabi, to align your business with robust AML/CFT compliance.