Search Results - subject:"AML risk assessment"

Biases in risk assessments under EU anti-money laundering law – evidence of the better-than-average effect from Germany

Haffke, Lars - In: Journal of Money Laundering Control 26 (2022) 4, pp. 751-766

Purpose Anti-money laundering (AML) obligations follow a risk-based approach, making their extent subject to the degree of AML risk. Money Laundering Reporting Officers (MLROs) must constantly assess risks, for example, by conducting annual risk assessments of the company. The purpose of this...

Persistent link: https://www.econbiz.de/10014886711

Risk of money laundering in the US: HSBC case study

Naheem, Mohammed Ahmad - In: Journal of Money Laundering Control 19 (2016) 3, pp. 225-237

/methodology/approach The PSI highlighted five areas of serious weakness and fundamental flaws in the HBUS AML risk assessment. This paper … inadvertently, by inappropriate and under-resourced AML risk-assessment frameworks. Originality/value The detailed analysis of one … improving and developing stronger AML risk-assessment frameworks apply to the banking, financial services and auditing …

Persistent link: https://www.econbiz.de/10014886573