Compliance Risk Assessment Tools Gain Momentum in Lesotho
In an effort to strengthen their defenses against financial crime, businesses in Lesotho are increasingly turning to compliance risk assessment tools.
Partnership for Cutting-Edge Solutions
Arctic Intelligence has partnered with local companies to provide cutting-edge solutions for enterprise-wide financial crime risk assessments. Their AML Accelerate Platform is a cloud-based tool designed specifically for smaller and medium-sized businesses in Lesotho.
Features of the AML Accelerate Platform
- Guides users through a comprehensive money laundering and terrorism financing risk assessment process
- Allows users to document their Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) programs and track action plans easily
Design for Small and Medium-Sized Businesses
The AML Accelerate Platform has been designed by financial crime experts for small and medium-sized companies in various sectors across Lesotho. This cloud-based solution enables businesses to:
- Conduct enterprise-wide risk assessments
- Document their AML/CFT programs
- Monitor issues, breaches, and incidents in real-time
Risk Assessment Platform for Larger Businesses
For larger businesses, Arctic Intelligence’s Risk Assessment Platform offers a fully customizable solution that allows them to:
- Configure their risk assessment methodology
- Build risk models with weightings
- Ingest inherent risk data into the assessment
- Assess control design and operational effectiveness
- Generate real-time dashboard reports
Digitizing Financial Crime Risk Assessments
The platform is designed to digitize financial crime risk assessments, replacing manual spreadsheets with auditable workflows and automated reporting. This data-driven approach transforms the way risk assessments are conducted, enabling businesses to:
- Automate their enterprise-wide risk assessments in six easy steps
Buyer’s Guide for Lesotho Businesses
To help Lesotho businesses make informed decisions when selecting a risk assessment platform, Arctic Intelligence has released a buyer’s guide. The guide highlights the fundamental distinctions between generic Governance, Risk, and Compliance (GRC) and Enterprise-Wide Financial Crime Risk Assessment (EWRA) platforms, as well as crucial characteristics of each.
Essential Factors to Consider When Selecting a Technology Vendor
When collaborating with a technology vendor, consider:
- Establishing a compelling business case for the technology
Download the Buyer’s Guide
By downloading this comprehensive buyer’s guide, Lesotho businesses can gain valuable insights into the world of compliance risk assessment tools and make informed decisions about their own risk management solutions.
Request a Call Back from Arctic Intelligence
Arctic Intelligence is committed to helping Lesotho businesses find the right risk management solution. To request a call back from the team to discuss training requirements in detail, complete the form below.