Anti-Money Laundering (AML) and Counter-Terrorist Financing Report
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Introduction
This report provides an overview of a financial institution’s efforts to prevent money laundering, counter-terrorist financing, and fraud. The following sections outline the various aspects of these efforts.
Reporting Status Changes
- 1: Has there been any change in the firm’s reporting status during the period?
- 2: How many staff members are employed by the firm who have financial crime responsibilities?
Anti-Money Laundering (AML)
The following sections collect data on AML efforts:
Customer Due Diligence (CDD) Records
- 3-6: What is the number of:
- New CDD records
- Existing CDD records
- CDD reviews
- CDD enhancements?
- 7: How many staff members were trained in AML during the period?
Counter-Terrorist Financing
The following sections collect data on counter-terrorist financing efforts:
Reports to Relevant Authorities
- 8-10: What is the number of reports made to relevant authorities regarding suspicious transactions or activity?
Sanctions-Specific Information
The following sections provide information about sanctions-specific efforts:
Automated Screening Systems
- 11: Does the firm use an automated system for screening against relevant sanctions lists?
- 12-13: What is the number of true sanctions matches detected during the period?
Fraud Prevention
The following sections collect data on fraud prevention efforts:
Reports to Relevant Authorities
- 14-17: What is the number of reports made to relevant authorities regarding fraudulent activity?
- 18-20: Has the firm implemented any measures to prevent or detect fraud?
Appointed Representatives (ARs)
The following sections provide information about AR relationships:
AR Relationships Exited
- 21-22: How many AR relationships were exited due to financial crime reasons?
Financial Crime Staffing
The following sections collect data on financial crime staffing:
Number of Staff with Financial Crime Responsibilities
- 23-26: What is the number of staff members employed by the firm who have financial crime responsibilities, including the percentage dedicated to fraud prevention?
Group Reporting
The following section provides information about group reporting:
Report Basis
- 27-28: Is this report being completed on a group basis or single regulated entity basis?
Additional Information
The following sections collect additional data:
Staff Trained in AML and CDD Enhancements
- 29-30: What is the number of staff trained in AML and the number of customer due diligence (CDD) records enhanced during the period?
- 31-32: How many staff members have financial crime responsibilities, including the percentage dedicated to fraud prevention?
Top Prevalent Frauds
The following sections collect data on top prevalent frauds:
Top Three Most Prevalent Frauds
- 33-35: What are the top three most prevalent frauds that the firm considers relevant and whether they are increasing, decreasing, or unchanged?