Video on AML Policies and Procedures under PMLA

As per the PMLA rules and regulations, it is necessary for regulated entities to create and implement adequate AML/CFT policies and procedures.

In this video, we’ll learn what AML policy and procedure are, and why they are important. Further, we have discussed what is the aim of creating a CFT policy.

The video also contains the introduction to key elements of AML policy:

Enterprise-wide Risk Assessment
Customer Due Diligence (CDD) Process
Ongoing Monitoring of Transaction and Business Relationship
Reporting of Suspicious Transactions
Employee Training and Awareness
Overall AML Governance

The video also acts as a helpful tool in drafting AML policy by providing a step-by-step process.

Understanding the AML/CFT regulations and compliance obligations
Assessing the ML/FT risk
Defining the AML Policy
Communication, Implementation, and Training
Periodic review of the policy

To explore more about the key elements, step-by-step process, and benefits, watch the complete video and enhance your understanding of AML policy and procedures.

Chapters:

0:00 Introduction on AML Policies and Procedures under PMLA
0:42 What is an AML Policy?
1:05 What is an AML procedure?
1:46 What is the CFT policy?
2:14 What are the key elements of AML policy?
3:22 What are the steps to setup an effective AML policy?
3:55 What are the benefits of implementing AML/CFT policies?
4:51 Conclusion and regards

Related Infographics

Stepwise Process For Effective Implementation Of An AML Program In IFSC Entities

We are committed to assisting proper enforcement of AML and CFT regulations to regulated entities in India by designing a personalised AML framework – policies, internal controls, and procedures – and ensuring effective implementation of the same.

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Video on AML Policies and Procedures under PMLA