AML Risk Assessment

ML/TF risk assessment is the foundational element of your AML/CTF compliance framework. It has a feedback loop – risk assessment drives the other components of your AML/CTF framework, as also many components of the AML/CTF framework will feedback into your ML/TF risk assessment.

The regulatory expectation is to have a risk assessment that is always current and up-to-date. A risk assessment involves considering all the ML/TF risks that your business can actually or potentially face, the intensity of those risks (risk rating), and controls and mitigants to manage those risks. Our AML/CTF expert services can assist in:

Setting up a risk assessment methodology.
Undertaking a risk assessment, or its review.
Thematic or special purpose risk assessment, and more.

Our support for risk assessment can extend to the products, channels, technology, jurisdiction, customer, third party, employee, and outsourcing ML/TF risk assessments.

Our risk assessment services similarly also extend to the sanctions, and anti-bribery and corruption risk assessments.