AML/CTF program monitoring regime

You need to set up a suitable system for routinely measuring or checking your AML/CTF program. The nature of this system or monitoring regime will depend on the size, nature and complexity of your business and the levels of ML/TF risks that you have to manage. The purpose of the monitoring regime is to ensure that your risk treatment process of identifying, mitigating and managing the ML/TF risks to your provision of designated services, is effective.