What is AML Risk Assessment?
AML risk assessment is the practice of estimating and evaluating the potential risks related to money laundering and terrorist financing that an entity may face.
It is the foundation of creating an efficient AML policy and complying with AML rules and regulations.
AML risk assessment is an extension of the risk-based approach adopted by the regulated entity. It enables entities to prioritise money laundering and terrorist financing risks and counter them effectively.
Learn more about: ML/TF Risk Assessment