A policy you can actually run
Give Leela a policy. It finds the obligations and takes on the ones it can.
Not sure where to start?
Work with LeelaAssess financial crime risks, monitor activity, and route concerns for review.
Risk Assessment
Know where your AML and regulatory risk actually sits, score it, and keep the picture current. The risk assessment is the document every other control traces back to, and the first thing an examiner or a sponsor bank asks for.
Annual AML and regulatory assessments, out-of-cycle refresh on material change, mitigation actions tracked to closure
KYC / CIP / KYB
Know exactly who you onboard, who owns them, and how much diligence each one needs, then keep that picture current. This is the gate that keeps shell companies and sanctioned parties off the platform, and the file an examiner opens first.
Verification before activation, tiered diligence, periodic reviews from quarterly to annual, continuous re-screening
AML Program
Stand up the written program the sponsor bank relies on: a named officer with real authority, trained staff, an independent test on the calendar, and a board that sees the numbers every quarter. This is the document an examiner reads first and the frame every other AML policy hangs from.
Officer designated in writing, training at hire and annually, independent test annually, board report quarterly, policy review annually
Sanctions / OFAC
Screen every customer, owner, and transaction against the OFAC lists, hold anything that looks like a match, and get the sponsor bank the facts it needs to block and report within the hour. Sanctions liability is strict, so the clocks in this policy are the control.
Screening before activation and in real time, daily list updates with re-screening, one-hour match notices, 24-hour false-positive write-ups, quarterly reporting, annual review and training
Transaction Monitoring
Watch every transaction on your rails against a documented rule library, work each alert to a written resolution on a clock, and send the sponsor bank a complete referral package when activity cannot be explained. The bank decides whether to file; your job is to make sure nothing reaches it late, thin, or not at all.
Daily alert review, alerts assigned in 1 day and reviewed in 2, investigations closed in 10, referrals sent in 2, monthly reporting, calibration at 90 days then annually
Insurance covered-product AML
Control money-laundering risk in covered insurance products.
Track the controls, evidence and open scope questions for Federal insurance AML.