OBJECTIVE OF AN ML/TF RISK ASSESSMENT

The goal of an ML/TF risk assessment is to enable a business to identify, analyse and understand the  ML/TF risks it faces thoroughly, so that it can manage and mitigate them effectively.

SCOPE OF AN ML/TF RISK ASSESSMENT

The ML/TF risk assessment must be tailored to fit the industry, business model, customer base, products and services, distribution channels, regulatory environment, and risk appetite of a business.

ML/TF RISK ASSESSMENT METHODOLOGY

Leveraging the ISO31000 Risk Management Standard, a well-designed ML/TF risk assessment identifies the inherent risks a business faces, while documenting the risk management controls to mitigate the risks, and understanding the residual risk.

HOW CAN INITIALISM HELP?

With extensive experience developing and maintaining ML/TF  risk assessments, Initialism can design, develop or review your ML/TF risk assessment.

Talk to us about our ML/TF risk assessment solution options delivered by our of team of AML/CTF experts.