Within the framework of risk management, first of all a responsible person must be appointed at management level who approves all further measures - such as risk analysis or internal security measures. The appointment itself must be documented and can be audited by the authorities, just like any other component of risk management.
Following this, you must prepare a risk analysis, which must be approved by the responsible person at management level. It is the core element of the risk-based approach to money laundering prevention. The risk analysis must be reviewed and updated at regular intervals.
To ensure that the results of the risk analysis can be incorporated into your day-to-day business, we recommend that you draw up a policy on money laundering prevention which, as an "internal safeguard", helps to clarify the actions of all employees and minimises the risk of money laundering. This overarching guideline can then be supplemented by work instructions that can be used for the practical implementation of all measures in the daily business of your employees.
In addition, employees should also be trained at regular intervals on money laundering prevention. For this purpose, Kerberos provides the "Kerberos Academy", through which practical and industry-specific courses for employees impart the necessary knowledge and test it. After successfully passing the tests, you receive a certificate of completion that you can present to the authorities as proof of the training level of your employees.