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Subject:AML Seminar
Risk based AML Seminar
eBOS Technologies participated to the seminar titled  “Risk based Anti-Money Laundering” which was organized by GP Global on November 17th in Limassol, and, as always, a great number of organizations have showed interest. 

The objective of the seminar was to assist Compliance officers to familiarize themselves with the Risk based Anti-Money Laundering, and Mr. George Papanicolaou has presented many aspects related to the  Risk based AML including but not limited to:
- What is a risk-based approach (RBA);
- The areas of the RBA (risk identification and assessment, risk mitigation, risk monitoring, documentation)
- The role of senior Management and the Compliance Manager in ensuring that AML/CFT controls work effectively 
- The purpose and nature of a risk-based approach to money laundering and terrorist financing and how to assess risks & apply a risk-based approach
- What risks need to be addressed and how to assess risk and develop a Risk-Scoring Model
And many more
Mrs. Alina Horatta, from eBOS Technologies, has presented the WiseBOS AML software and how it accommodates the Risk-Based Approach (RBA). The WiseBOS AML handles KYC documents and actions, and also determines the risk level through the risk evaluation which is built based on scoring and metrics, including information on company transactions’ size, movement of funds, etc. Moreover, the WiseBOS AML provides a risk analysis score report as well as a detailed Economic profile of the company. 

The new Module Online Search has also been presented - this will assist organizations to search clients either manually or automatically via a scheduler and also to generate reports
 
The WiseBOS AML solution key features are:
- Workflows for KYC documents and actions management
- Risk classification wizard 
- Alerts & reminders
- Ability to perform the company due diligence together with all its related entities from the same screen 
- Intelligent reports 
- Company/group structure
- Manual/Automatic Online Search