Video on AML Business Risk Assessment (BRA)

This video will help you understand the key concepts surrounding the AML Business Risk Assessment (BRA), which is also known as the Enterprise-Wide Risk Assessment, Firm-Wide Risk Assessment, Entity-Wide Risk Assessment, or simply ML/TF Risk Assessment.

• The need for AML Business Risk Assessment (BRA)
• Risk-Based Approach
• Risk appetite
• Risk Factors to consider while performing EWRA
• The concept of gross risk and how to arrive at it
• Evaluation of controls and their effectiveness
• The concept of net risk or residual risk and how to arrive at it