Integrating AML/CFT Risk Management into Overall Organization Risk Framework (Part 1)
This is First Article in a series regarding AML/CFT Risk Assessment Introduction: In an increasingly complex financial landscape, banks face the ever-present risk of being used for illicit activities, whether intentionally or unintentionally. Recognizing this, the Basel Committee on Banking Supervision has issued guidelines to help banks incorporate money laundering (ML) and financing of terrorism…