Assessing AML Geographic Risk: A Methodology
April 13, 2020
Foreign transaction activity is an established risk factor for money laundering. But, what makes one country "riskier" than another from a money laundering or terrorist financing perspective? Financial institutions have no definitive source for country money laundering risk.
In this webinar, we explore one objective methodology financial institutions may consider to assess individual countries' money laundering risk, which in turn may be used in transaction activity monitoring, customer risk scoring and the institution's high level money laundering risk assessment.