This advanced course focuses on the critical process of AML/CFT risk assessment at both enterprise and customer levels, providing participants with comprehensive methodologies for identifying, assessing, and mitigating financial crime risks. Learners will explore various risk assessment frameworks, scoring models, and practical approaches to risk quantification. The course covers regulatory expectations for risk assessments and provides hands-on experience in developing risk assessment methodologies tailored to different organizational contexts. Through case studies and practical exercises, participants will gain the skills needed to implement effective risk-based AML/CFT programs.
AML/CFT Risk Assessment: Enterprise-Wide & Customer-Level
Anti-Money Laundering AML/CFT
October 25, 2025
Introduction
Objectives
Key Learning Objectives:
- Master the principles of risk-based approach in AML/CFT
- Learn to conduct enterprise-wide money laundering risk assessments
- Develop skills in customer risk scoring and categorization
- Understand product and service risk assessment methodologies
- Learn geographic risk assessment techniques
- Master risk assessment documentation and reporting
- Develop skills in risk mitigation strategy development
- Understand regulatory expectations for risk assessments
- Learn to integrate risk assessment results into compliance programs
Target Audience
- AML/CFT compliance officers and managers
- Risk management professionals
- Internal audit and testing personnel
- MLROs and compliance heads
- Business line managers with compliance responsibilities
- Regulatory and supervisory staff
- Consultants in financial crime compliance
- Financial institution board members
Methodology
- Case studies of risk assessment failures
- Group exercises in risk scoring model development
- Practical risk assessment workshops
- Scenario-based risk analysis
- Regulatory requirement analysis
- Risk assessment documentation practice
- Peer review and feedback sessions
Personal Impact
- Enhanced risk assessment and analytical skills
- Improved understanding of risk-based compliance
- Stronger strategic thinking capabilities
- Better data analysis and interpretation skills
- Increased confidence in risk decision-making
- Career advancement in risk management roles
Organizational Impact
- More effective risk-based resource allocation
- Enhanced regulatory compliance and examination readiness
- Improved risk management and mitigation
- Stronger compliance program effectiveness
- Better informed business decisions
- Reduced financial crime exposure
Course Outline
Unit 1: Risk-Based Approach Fundamentals
Core Concepts and Principles- Risk-based approach definition and importance
- Regulatory requirements and expectations
- Risk assessment framework components
- Integration with overall compliance program
- Qualitative vs quantitative risk assessment
- Risk scoring models and methodologies
- Data requirements and collection methods
- Stakeholder engagement and input
Unit 2: Enterprise-Wide Risk Assessment
Risk Identification Process- Customer risk factors and typologies
- Product and service risk analysis
- Geographic risk exposure assessment
- Delivery channel and operational risk considerations
- Data gathering and analysis techniques
- Risk scoring and categorization
- Inherent vs residual risk assessment
- Documentation and reporting standards
Unit 3: Customer Risk Assessment
Customer Risk Profiling- Customer risk scoring models
- Behavioral and transactional risk indicators
- Beneficial ownership risk considerations
- PEP and high-risk customer identification
- Ongoing customer risk monitoring
- Trigger events and re-assessment
- Risk rating adjustment processes
- Documentation and audit trail requirements
Unit 4: Specialized Risk Assessments
Product and Service Risk Analysis- Banking product risk categorization
- Investment and securities products
- Payment and remittance services
- Digital asset and cryptocurrency risks
- High-risk jurisdiction identification
- Cross-border transaction risks
- Sanctions and embargo considerations
- Correspondent banking risks
Unit 5: Risk Mitigation and Program Integration
Control Development and Implementation- Risk mitigation strategy development
- Control effectiveness assessment
- Resource allocation based on risk assessment
- Monitoring and testing of controls
- Integration with compliance monitoring
- Management reporting and oversight
- Board reporting and accountability
- Continuous improvement and adaptation
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