When reviewing your framework, consider whether it clearly explains:
• Customer due diligence and ongoing monitoring
• Reporting of suspicious activity
• Identification of high-risk customers and transactions
• Staff responsibilities and escalation procedures

A well-designed AML/CFT framework connects policies to actionable steps, allowing management to effectively manage compliance risks.

If you would like to strengthen your AML/CFT framework, feel free to reach out to us at info@acrioncompliance.com.