Category:
AML/CFT Policies Controls And Procedures PCPs
AML/CFT Policies, Controls and Procedures (PCPs) are essential tools for a successful and effective AML/CFT program.
Policies are set of guidelines that outline the reporting person’s plan for combatting Money Laundering & Terrorist Financing (ML/TF). Procedures provide steps to be followed for carrying out the policies.
PCPs provide principles that guide actions, set roles and responsibilities and reflect values and beliefs of the reporting persons.