Anti-Money Laundering (AML) Business Risk Assessment

Partner: Udemy
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Description: Your Goals and ProfileChoose our course if you want to become knowledgeable in:(a) the categories of money laundering risks, related to the types of customers, particular products and services, geographical exposure, and product delivery channels;(b) the methodology of AML risk management, including the likelihood and impact of money laundering risks, qualitative and quantitative analysis, the notions of inherent and residual risks and assessing the effectiveness of controls;(c) the steps of carrying out an AML risk assessment, which are identifying and assessing risks, defining control measures, and determining, whether the residual risk falls within your company's risk appetite;(d) the vulnerabilities of particular industries and products, that can be exploited by money launderers; we will review the following types of businesses: - cash-intensive businesses; - banking, payments, e-money and fintech industries; - cryptocurrency and virtual financial assets service providers; - providers of corporate services; - traders in high-value goods; - accountants and tax advisors; - notaries and legal professionals; - gambling sector entities; - free-trade zones; and - citizenship for investment programs.(e) the typical mistakes made while carrying out the entity-wide money laundering risk assessments.The Sources of Information UsedThe sources of information used are the recommendations and publications by:- the Financial Action Task Force (FATF);- the US Financial Crimes Enforcement Network (FinCEN); - Organisation for Economic Co-operation and Development (OECD);- The Wolfsberg Group;- European Banking Authority;- International Compliance Association; and<
Category: Finance & Accounting > Compliance > Anti-Money Laundering (AML)
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Price: 39.99
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Source: Impact
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