Identifying and Managing AML Risks
AML risk assessments are conducted to identify and evaluate potential exposure to money laundering and terrorist financing risks within an organization. The purpose is to strengthen internal controls and ensure regulatory compliance.
The assessment reviews customer risk, products and services, geographic exposure, transaction monitoring systems, internal controls, and governance structures to identify gaps and recommend improvements.
- AML policies and procedures
- Customer due diligence controls
- Transaction monitoring systems
- Suspicious activity reporting
- Governance and oversight
- Regulatory compliance testing
Conducted a comprehensive AML risk assessment for a financial institution operating across multiple jurisdictions.
Anti-Money Laundering Risk Assessment and Review