Redefining your risk strategy necessitates a thorough and comprehensive risk assessment to identify gaps in your AML program. This entails not only understanding the inherent risks associated with your business operations, but also staying ahead of evolving regulatory requirements and emerging financial crime trends. A robust risk assessment framework should encompass a holistic approach that considers factors such as customer profiles, transaction volumes, geographical risks, and product/service offerings. By conducting regular and systematic risk assessments, organizations can proactively identify vulnerabilities in their AML program and implement targeted measures to mitigate risks effectively.

During this panel discussion, we will explore:

• Comprehensive evaluation of inherent risks associated with business operations and financial services
• Staying updated on evolving regulatory requirements and emerging financial crime trends with a risk-based approach
• Regular and systematic risk assessments to proactively identify vulnerabilities in the AML program
• Implementation of targeted measures to mitigate identified risks effectively and ensure compliance with regulatory standards