Mastering Anti-Money Laundering and Counter-Terrorist Financing, 2nd Edition

5

Reputational Risk

Managing reputational risk

When banks go wrong: cases of punishments and penalties

Managing reputational risk: the experience of the MDBs

The integrity ‘red flags’ checklist and the due diligence investigation tools

Practical application

MANAGING REPUTATIONAL RISK

As we noted at the beginning of the book, money laundering and terrorist financing risks to organisations aren’t just confined to the possibility that your organisation is actually used by criminals and terrorists to launder money and finance terrorist acts. There is a significant risk to the reputation of your organisation if you are found to have fallen short of the standards which are required of you, and this takes the form of financial penalties, public censure ...