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  • Keywords AML Assignment

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    Michael Bonett
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    This document discusses key terms and concepts related to countering financial terrorism and anti-money laundering including risk assessment, monitoring high-risk activities and customers, implementing robust internal controls and policies, ensuring adequate resources and training, and factors that could lead to regulatory failure if not properly addressed.

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    This document discusses key terms and concepts related to countering financial terrorism and anti-money laundering including risk assessment, monitoring high-risk activities and customers, implementing robust internal controls and policies, ensuring adequate resources and training, and factors that could lead to regulatory failure if not properly addressed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views2 pages

    Keywords AML Assignment

    Uploaded by

    Michael Bonett
    This document discusses key terms and concepts related to countering financial terrorism and anti-money laundering including risk assessment, monitoring high-risk activities and customers, implementing robust internal controls and policies, ensuring adequate resources and training, and factors that could lead to regulatory failure if not properly addressed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Keywords

    Countering Financial Terrorism (CFT)

    Anti-Money Laundering (AML)

    Risk

    Risk-based approach

    Risk Management

    Risk Culture

    Risk Methodology

    Risk Assessment

    Risk Mitigation

    Risk Control

    Effective

    Robust

    What to Monitor

    Country risk profile

    Customer due diligence

    Regulations and Laws

    Source of funds

    Know Your Clients (KYC)

    Customer identification

    Transaction monitoring

    Suspicious activity reporting

    Beneficial ownership structures

    Politically Exposed Persons (PEPs)

    Activities

    Adequate Resource

    Record Keeping Obligations

    Internal Controls

    Corrective Action

    Policy updates

    Integrity
    Personnel Confidentiality and Safety

    Training

    Emerging threats

    Factors

    Technology Changes

    Criminal activity trends

    National geopolitics

    Regional geopolitics

    Failure

    Fail Government inspections

    Monetary Penalties

    Criminal Charges to Company Officers and Directors

    Reputational Damage

    Economic Loss

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