A robust risk assessment process is central to maintaining a strong Anti-Money Laundering (AML) compliance program. In this new Accenture presentation we explore how financial services firms can set-up an effective process. Visit our fraud and financial crime blog post for more on AML risk assessment program: http://bit.ly/2aPlQQ7
As part of identify, include risk appetite definition / risk tolerance.
What is an AML risk assessment i.e. id and report on suspicious activity.
Set up Progeam
Set up Progeam
Define risk tolerance in step 1
Remove step 4
New Step 5 the build remediation controls
- Id & report on Suspicious activity is the lexicon to use within the deck.
Competing priorities in the business instead of not taken seriously
Competing priorities in the business instead of not taken seriously