An illustrative list of factors for conducting AML Business Risk Assessment

Performing a comprehensive AML Business Risk Assessment is very important to identify the money laundering and terrorist financing risks that the business is exposed to and develop adequate mitigation measures.

The business risk assessment is conducted basis the factors such as the type of customers, their legal structure, the geographies of the company’s business operations and that of the customers, etc.

The above infographic presents an illustrative list of factors to consider while performing an AML business risk assessment.

AML UAE is part of the global AML Consultancy Firm, offering end-to-end AML support to the clients, starting from assessing the AML Business Risk, customising the AML/CFT policies, procedures and controls and importing adequate AML training for effective implementation of the AML framework across the organization.