Zoe Dixon-Smith
Managing Director, Baker Regulatory, Jersey
Zoe Dixon-Smith is Managing Director at Baker Regulatory Services.
AML 360° Assessment
Improve your organisation’s AML control framework.
Obtain a detailed view of your company’s strengths and weaknesses including any cultural barriers, as required by regulators, with best practice recommendations on how to protect your board, colleagues and business from AML related risks.
The AML 360° Assessment is a comprehensive evaluation tool that ensures your organisation’s AML framework and compliance culture aligns with current regulatory standards and best practices for anti-money laundering, countering terrorism financing and countering proliferation financing.
Problem
Undertaking a robust and effective AML assessment takes significant time and resources. Many businesses end up going without and leave themselves vulnerable to the risk of regulatory breaches, operational inefficiencies, and exposure to financial crime. The impact can be significant, not only for the organisation but also for directors and senior management, who bear personal accountability and may face legal or regulatory sanctions and reputational damage.
Solved
The AML 360° Assessment provides an independent holistic view of your business’ AML culture and control effectiveness. It’s a unique offering produced by Baker Regulatory Services in partnership with Dynamic-GRC. The assessment uses best practice multi-jurisdictional laws, regulatory rules and disciplinary sanctions.
Once the AML 360 ° Assessment is complete, comprehensive reports are presented to the board, containing the findings and recommendations. The reports are designed to outline your business’s current strengths as well as areas requiring attention.
Our expert team is on hand to support you in developing and implementing any recommendations.
What's covered in the AML 360° Assessment?
- Board Oversight
- AML Management
- Operational Implementation (KYC, PEPs, Transaction Monitoring etc)
- Resourcing (Personnel, Technology, Data)
- Monitoring & Reporting
- Training
Developing the right culture is key and Baker Regulatory Services helped us identify and enhance areas in our organisation through a very detailed AML 360 Assessment completed in 2023. This useful exercise gave us assurance about the Compliance culture in the company and feedback received by Baker’s experts was very well received. We also benefited from their consultancy services which enabled us to restructure some of our outsourcing frameworks with the support of a dedicated consultant.