Business Risk Assessment

Financial institutions should take appropriate steps to identify, assess and understand the money laundering and terrorist financing risks for customers, countries or geographic areas and products, servicers, transactions or delivery channels.

Through the business risk assessments and determination of a risk appetite, the financial institution can establish the basis for a risk-sensitive approach to managing and mitigating ML and TF risks.

The learning outcomes of the course will allow participants to identify risk areas and how to assess and mitigate those risks.