How to Conduct an AML Risk Assessment Recorded

Summary

The outcome of the case of R v Skansen has provided a clearer idea of what will be considered “adequate measures" in relation to the risk based approach which should be adopted in formulating a compliant AML/CTF regime. Procedures must be based on specific risk judgements – not vague guesses – and must be clearly documented and communicated.

Venue details:  
Online, ,
Start date & time:  
01 January 2017 00:00
End date & time:  
01 January 2020 00:00
Price: €75.00  (€75.00 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
3.00
CPD hours:  
3.00
Speaker details
First nameLast name
Andrew Coles
Jim Stafford
Mark Woodcock
Nicola Sothern

Description

Product type:  
CPD online course
Category:  
Leadership, management and personal impact


This course was originally recorded in 2018

This session will provide a tool kit through which you can; Conduct a risk assessment of your business, analyse and assess the risks posed by clients, products/services, the delivery channels and geography in which you and your clients operate, formulate a risk management plan and complete a written risk assessment report so as to comply with current regulations.

Course overview 

  • An understanding of the requirements of the Money Laundering Regulations with regard to risk
  • How to adopt a risk-based approach to determine risk appetite
  • How to identify Risk
  • How to assess Risk
  • How to adopt a comprehensive risk management plan
  • How to write a risk management report
  • Managing risk effectively; target hardening your business
  • The intersection of the risk management plan and the AML policies and procedures