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Anti-Money Laundering (ALM) with Odoo

16 August 2024 by
Anti-Money Laundering (ALM) with Odoo
Michael Judd

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 ?

Anti-Money Laundering (ALM) with Odoo
Michael Judd 16 August 2024
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