Today I completed my Anti-Money Laundering (ALM) Review process orchestrated by my supervisory body.
I have incorporated the Client Risk Assessment in to Odoo (High/Medium/Low) along with the review dates in line with my AML policy. I will look at doing online sanctions check and ID verification. Any suggestions or recommendations from what people are using today ?
I also saved some filters for ongoing monitoring of client risk assessments which I can use in the MLRO Annual Report. I'll most likely create some reports later to provide the client profiling information needed.
I built in the ability to make an internal SAR (Suspicious Activity Report) and have that tracked (by the submitter and the MLRO to protect from tipping off).
I created a course using content from my supervisory body and Odoo's E-learning so I can deliver and track internal training.
I'll package all of this up at some stage and publish it - but I'm interested to know what other people use today for their ALM Compliance? How integrated is ALM in to your core processes and systems ?