CORAL™ EnterpriseRisk is a management system that protects financial providers from potential business-impacting risks of all types. It manages organization risks effectively through identifying, analyzing, integrating, prioritizing and treating risks, with subsequent monitoring of risk management strategies. The design, development and implementation of a successful enterprise risk management (ERM) system enables financial establishments to minimize losses and maximize return on investment for all stakeholders.
Institutions are required to develop, implement, and maintain a risk-based AML strategy that will protect the institution from risks associated with AML/TF and other financial crimes through proactive compliance with relevant AML/CFT laws and regulations.