LoginAMLex RBSF is an automated
AML-CTF Institutional
Risk Assesment Tool (IRAT) forSupervisory Authorities
AMLex RBSF Risk Based Supervision Framework
Risk-Based Supervision (RBS)
Is gradually becoming the dominant approach to regulatory supervision around the world. The risk based supervision (‘RBS’) approach is designed to work as a structured process that identifies both critical risks faced by an entity and also systemic risks in the financial system.
Who uses RBS?
Supervisory Authorities worldwide such as Central Banks, Security Exchange Commissions, Bar or Accounting Associations to name the few, license and supervise Obliged Entities under their supervision and then conduct on-site and off-site assessments involving a risk-based framework at a supervised entity level
AMLex365 RBSF
Automated RBS system
Types of risk factors
- evaluation of quantitative risks through assessment of inherent risks,
- qualitative risk assessment of the overall risk management framework across sectors including the quality of governance and firm-wide internal control mechanisms, processes and systems to arrive to a residual risk rating per supervised entity.
AMLex365 RBSF
Automated RBS system
Evaluation of risk factors
Qualitative and quantitative risk factors are evaluated either through the use of Surveys or other control related activities in order to identify customer, primary or sector specific risks such as business risks, geographic risks, delivery channel risks, products & services risks, terrorism financing risks, proliferation risks and geo-political risks.
AMLex365 RBSF
Automated RBS system
Early identification of emerging risks
AMLex RBSF also provides greater emphasis on early identification of emerging risks and system-wide issues and hence supporting macro prudential surveillance efforts of the supervisory authorities.
AMLex RBSF Tools
Entity KYC Profiling
The KYC profiling tool allows you to create the supervised entity’s profile (Customer Management).
AML Risk Assessment Tool
Dynamic risk assessment methodology able to cater for the needs of the regulator; The sophisticated risk assessment and scoring tool is used to identify and assess the AML Risk of the supervised based on the customer’s profile, risk factors and weighted parameters using
Survey Management
This tool allows for the creation and development of dynamic Online web-form questionnaires to satisfy the various off-site inspections;
Workflow Management
AMLex365 already embeds a workflow methodology and has the ability to be integrated with other third party systems through the API technology. It supports the maker/checker approval process, audit trail and action rights. The exact requirements must be define during the system analysis phase of the project in order to be customized/developed accordingly;
Task Management
This is a separate module that already exist into system. The functionality includes among other things tasks management, monitoring of actions, actions ownership, deadlines management and planning. The exact requirements can be defined during the system analysis phase of the project in order to be customized/developed accordingly;
Reporting Requirements
AMLex365 embeds various reporting capabilities that provide instant access to the key information for the supervised entities, in a form that is visually enabled and easy to analyse, supporting the regulators decisions. Reports can be customised to cater for the needs of the regulators and can be exported in a number of available formats.
Document Management Tool
Using the Document Management Tool Surveys and other important documents can be saved in the entities profile for future access.
AMLex 365 unique Features
a dynamic yet simple web-based application
fully configurable and adaptable to the fast growing regulatory changes
It evaluates inherent risks through quantitative & qualitative techniques using electronically submitted surveys, firm-wide internal control mechanisms, processes and systems, to arrive to a residual risk rating per supervised entity.
It is parametrised to the firm’s needs and risk appetite, with a fully editable weighted risk scoring matrix
The Automated online surveys are distributed and collected via the system with dynamic real-time validation rules to enable error-free survey responses and real-time web survey progress status monitoring
It enables Auto-processing and risk assessment of survey data to arrive at a risk classification of supervised Entities to Low, Medium and High Risk enabling effective and efficient planning of the on-site and off-site supervision framework and indication of next review date.
Alerts and Warning notifications are user specified the system’s Customised reporting capabilities provide instant access to key statistical and market data
It supports tasks management & monitoring of actions and has user-friendly interfaces & workflows for exchange of information between users
It supports API embedded technology for third party systems integration and real-time retrieval of information in a single or batch processing mode.
AMLex365 RBSF has advanced Security features for setting action rights and Role based access.
The system has a secured access protocol and a 24/7 System Maintenance Support.
