Video on the Key Roles and Responsibilities of the AML Compliance Department

This video provides in-depth knowledge about the key roles and responsibilities of the AML compliance department in regulated entities such as FIs, DNFBPs, and VASPs. The AML compliance department acts as a shield against money laundering and terrorist financing crimes and exploitation of the regulated entity.

The video starts with giving a brief introduction to the AML compliance department. Then, it moves to explaining the critical role of the AML compliance department as per the Prevention of Money Laundering Act, 2002.

You’ll also learn about the India’s anti-money laundering regulatory landscape to which AML department must ensure compliance.

It goes into further detail by providing the details of:

The composition of the compliance department
Appointment of a qualified and competent person for handling the department

Get the complete insights regarding the AML compliance department’s role and responsibilities, you can go to the video added above.

Chapters:

0:00 Introduction on keys roles and responsibilities of compliance department
0:28 What is AML Compliance Department?
0:57 Role of AML Compliance Department
1:46 What are the Primary regulations applicable to reporting entities?
3:09 How AML Compliance department works?
3:49 What are the Best Practices for AML Compliance Department?
4:26 Conclusion and regards

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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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Email Id: info@amlindia.in

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Video on the Key Roles and Responsibilities of the AML Compliance Department