In the 'Anti-money laundering' section, you can generate an AML profile for your client. You can also create and download the documents required to comply with anti-money laundering legislation.
Box: Client Acceptance
In the 'Client Acceptance' box, you can generate a client acceptance questionnaire. This helps you collect information about your client and assess whether you can accept the relation in accordance with AML legislation. You can generate the questionnaire and download it in Excel or Word format.
Box: Risk assessment (extensive)
Here you can generate a detailed (extensive) risk assessment. This is a comprehensive document that analyses the risks of the client in more depth.
Box: Risk assessment
In this box, you assess the risk of money laundering. You complete the following fields:
- Goal of the relation: the purpose of the business relationship
- Nature of the transaction: the type of transactions involved
- Risk levels: assess the risk for the customer, activity, geographical area, nature of the transaction, and the overall risk. Each element receives a risk level (low, normal, high) and a comment.
Box: Exemptions
Here, you indicate whether the client is exempt from certain AML obligations.
Box: Verification
In the 'Verification' box, you document how you verified the client’s identity.
- Legal entities: indicate whether you have the most recent version of the coordinated statutes, the list of directors, other identification documents, and whether the structure has no legal personality.
- Individuals: indicate whether the client is a politically exposed person (PEP), whether the client was physically present, and record the passport or ID card details.
You can also set a risk level for the verification and add remarks.
Box: Documents
Here you manage all AML documents for the client. You can upload documents, generate them, download them, send them for signature and delete them.
Finalization
When you click 'Finalize':
- the fields will be locked
- the expiry date will be calculated:
- 1 year for a high-risk client
- 3 years for a low or normal risk client
- you will see who finalized the risk assessment and on which date
- you can adjust the finalization date if needed
- you can unlock the assessment again via 'Unlock' to make further changes
⏭️ Up next, explore the following section of the relation file: The relation file - UBO section