What is international best practice for AML policies?
International best practice for AML policies focuses more on capacity building, training and a system of implementing and monitoring. Banks highly prefer a mixed approach combining external independent professional help with their existing in house expertise. This greatly enhances the credibility and acceptability of their policies. IFI Consultants with the help and guidance of their associates is well placed to offer complete AML solutions for banks.
Related Questions
- What is the best practice for managing a large number of production policies, such as when an application changes its URL for redployment? Do I have to update each policy manually?
- What are the definitions for Best Practice, Promising Practices, Local Efforts, Policies, and Resources?
- What is considered International Best Practice in media analysis?
