Page 7 - AML 30001 - The Standard dedicated to Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF)

EVALUATION PROCESS

The evaluation is intended to assess, in light of the AML 30001®
standard specifications, both the compliance of the implemented
AML/CFT system and its effectiveness.

Phase 1: Analysis

Examination of technical compliance, followed by an assessment of
the effectiveness of the AML/CFT measures adopted by the evaluated
entity. This examination relies on a methodology that incorporates a
set of auditing techniques, including document review, interviews,
information system verification, sampling, and more.

Phase 2: Interpretation
The certification committee is responsible for ensuring the proper
execution of evaluations in accordance with the rules and procedures
established for this purpose, in light of the ISO 17021® standard; it then
decides on the compliance status of the entity undergoing evaluation.

Phase 3: Validation

The compliance and effectiveness of the measures implemented are
subsequently assessed against each requirement set forth in the AML
30001® specifications, in accordance with a predefined scoring
methodology.

CERTIFICATION CYCLE

When the Certification Evaluation (CE) reveals compliance with the
AML 30001® standard, a certificate is issued for a period of three years, in
accordance with the international regulation on management system
certifications.
Annual Follow-Up Evaluations (FE) are conducted in years n+1 and n+2 to
ensure the establishment maintains continuous compliance with the
AML 30001® standard throughout the certification cycle.
The certification is renewed following a Maintenance Evaluation (ME) at
the end of the full three-year validity period.
The certificate may only be issued by a duly authorized body. An active
and valid certificate grants the right to use the AML 30001® compliance
marks.