Founder and CEO of Arctic Intelligence, Anthony Quinn said, “A key component of an anti-money laundering program is the risk assessment. If the risk assessment is not accurate and doesn’t truly reflect the nature, size and complexity of a business, and the systems, procedures and controls that have been implemented are not appropriate and proportionate to these risks, then the AML/CTF program will not be fit for purpose.” Read more...
https://arctic-intelligence.com/uncategorized/arctic-intelligence-warns-many-australian-businesses-may-be-vulnerable-to-financial-crime.
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