What does an evidence-based AML programme look like in practice?

Detailed Explanation

It starts from a written risk assessment that names specific exposures — customer types, geographies, products, delivery channels — rather than asserting a general commitment to compliance. Each control then traces back to a risk in that assessment, and each control produces evidence that it ran: screening logs, monitoring coverage reports, review outcomes, training completion. And the whole thing is revisited on a cycle, because the assessment ages. High-performing teams tie transaction monitoring, screening and enhanced due diligence into one operational narrative instead of running them as three unrelated systems that happen to share a customer list.