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- Anti-Money Laundering
- Who it's for
- Banking control teams
Banking control teams
Banking compliance teams need to explain how a control was tested and which reviewer accepted the outcome. An assessment can focus on a branch operation or a centrally managed function, with a defined business unit and operating period. Keep the risk scale, control owner and evidence expectations clear before testing begins.
How Anti-Money Laundering is set up for you
Business-unit context
Give each unit a stable code and organization. The AML Program Manager can compare assessment status across units while retaining the specific risk and control links that explain each review. A similar department name should not determine where evidence belongs.
Sample discipline
Control Tester records the sample size, exceptions and result with a reference to the supporting material. An incomplete evidence package remains visible for correction. Independent Reviewer should be able to follow the sample without relying on a discussion that was never recorded.
Corrective work
Remediation Owner supplies the completed action and its evidence. A separate retest establishes whether the finding can close. Keep failed and inconclusive outcomes available when reviewing progress with the program manager.
Restricted information
Data Custodian records the purpose and expiry of access to restricted subjects. Authorized disclosures retain their own scope and authority reference, allowing the team to explain why information was shared.
Banking compliance teams need to explain how a control was tested and which reviewer accepted the outcome. An assessment can focus on a branch operation or a centrally managed function, with a defined business unit and operating period. Keep the risk scale, control owner and evidence expectations clear before testing begins.
Begin with a business unit whose assessment period and control owner are already agreed. Rehearse a control sample that fails, a returned review and a corrective action that needs further evidence before its retest passes. Use synthetic subject information while checking permissions and direct access. Arrange any surveillance-provider or evidence-repository connection as part of setup with the responsible system owner. Expand after the team can reconstruct the accepted assessment revision and the reason each finding closed.
Features to start with
Roles on the team
- AML Program Manager
- Owns the assessment plan and prepares monitoring alerts for independent review.
- Control Tester
- Records control samples and the evidence needed for review within assigned assessments.
- Independent Reviewer
- Approves scoped assessment revisions, decides monitoring alerts and independently evaluates remediation evidence.
- Remediation Owner
- Owns the corrective work and submits completion evidence for an independent retest.
- Data Custodian
- Authorises purpose-limited subject access and records the scope and authority of disclosures.
Set up Anti-Money Laundering your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.