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