Effective AML/CFT Business Risk Assessment

Auditac International Consultancy Llc14 Feb, 2025Business

For instance, one needs to ascertain the threats of all money laundering and terrorism financing on an overall basis while assessing business risks associated with money laundering, terrorist and proliferation financing. The other risk assessors usually define, rank, and assess risks localized to an organization in possible customer, geographical, and product/service risks with possible mitigants.