ML/TF Enterprise Risk Assessments
A Money Laundering and Terrorist Financing (ML/TF) Enterprise Risk Assessment (ERA) is a fundamental requirement for identifying, understanding, and mitigating financial crime risks across an organisation. A well-structured ERA enables firms to apply a risk-based approach, allocate resources effectively, and demonstrate compliance with regulatory expectations.
What We Deliver:
Enterprise-Wide ML/TF Risk Assessments
Identifying, evaluating, and mitigating financial crime risks across business units.
Sector-Specific & Jurisdictional Risk Assessments
Ensuring alignment with regulatory requirements and industry best practices.
Customer & Transactional Risk Analysis
Implementing risk-based methodologies for CDD, EDD, and ongoing monitoring.
Product & Service Risk Evaluation
Assessing vulnerabilities in financial products, payment channels, and service delivery.
Governance & Control Effectiveness Reviews
Evaluating the strength of AML/CTF policies, procedures, and internal controls.
Data-Driven Risk Assessment & Reporting
Leveraging technology and analytics for enhanced risk identification and regulatory reporting.
Key Learning Areas & Outcomes:
AML/CTF Risk Assessment Methodologies
Applying structured approaches to assess ML/TF risks effectively.
Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD)
Identifying high-risk customers and implementing proportionate controls.
Transactional & Behavioural Risk Indicators
Recognising red flags and anomalies in customer activities.
Enterprise-Wide Risk Management & Governance
Embedding risk assessments into organisational decision-making.
Technology & Data Utilisation in Risk Assessments
Enhancing risk identification using AI, automation and analytics.
Control Testing & Effectiveness Evaluation
Measuring the impact of AML controls and identifying gaps for improvement.