Assess the risk from Money Laundering and Financing Terrorism (MLFT)
Goal - Identify, Assess and Mitigate the risk from Money Laundering and Financing Terrorism through these factors:
- Customer
- Geographic areas or territories
- Products, services or transactions
- Distribution channels
Important
- To have Customer File Folder
- Compliant with National Risk Assessment
- Appropriate with entity size, type and business industry
- Update on regular basis
