Risk management
AML risks are managed in parallel with other risks. But still separate
Risk classes
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The AML risk model consists of a framework used to assess and quantify the level of risk associated with potential money laundering or terrorist financing. It helps organizations identify and prioritize high-risk customers, transactions and activities that require enhanced due diligence and monitoring. In general, it contains the following elements:
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Customer risk assessment
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Risk assessment of products/services
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Geographic risk assessment
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Transaction monitoring
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Our experiences
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A dynamic AML risk model continuously reassesses and updates risk profiles based on new information, new risks and changes in regulations. It allows organizations to adapt their risk mitigation strategies and allocate resources efficiently.
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By using an AML risk model, organizations can better understand and manage the risks associated with money laundering and terrorist financing, enabling them to implement appropriate controls and safeguards to protect their operations and maintain regulatory compliance.
