Client Risk Profiling

Compliance

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$100.00

Client Risk Profiling

Introduction

Client Risk Profiling or Assessment is part of the Risk Based Approach framework – the aim is to assess from a ML/TF perspective the possible risks that may be associated with a client and consequently monitoring the client on a risk-sensitive basis. This approach assists to ensure that related risk management is conducted in the most cost-effective, efficient and proportionate way.

A risk-based approach requires the institution to assess the risks of how it might be involved in ML and TF, taking into account its customers (and the beneficial owners of customers), countries and geographic areas, the products, services and transactions it offers or undertakes, and the delivery channels by which it provides those products, services and/or transactions.

Course tutor

Beelal Baichoo

AML/CFT Consultant

About our tutor

In his career development, Beelal has had intensive exposure, in terms of experience and local/international training, to AML/CFT matters. He is well-versed in the application of AML/CFT rules to different types of corporate vehicles.