Mastering Anti-Money Laundering and Counter-Terrorist Financing

4

KYC and the Risk-based Approach

Background to the risk-based approach

Components of the risk-based approach

Mitigating controls

Regulatory environment

Special categories: PEPs

Constructing a risk-based approach for your organisation

The core components of CDD

CDD processes and tools

Example risk assessment frameworks

Constructing a CDD framework for financial institutions

Constructing a CDD framework for retail/consumer banking business

Constructing a CDD framework for private banking

Excerpts from Recommendations 1 and 10 of the FATF 40 Recommendations (February 2012) and the Interpretive Note there to:

‘countries should apply a risk based approach to ensure that measures to prevent or mitigate money laundering and terrorist financing ...