Risk Management Framework For AML Training Ppt

Slide 1

This slide gives an overview of the AML/CFT risk management framework. The steps are: Risk identification, risk evaluation, risk treatment, and risk monitoring & review.

Slide 2

This slide discusses the risk management framework's first step: Risk identification. This step aims to establish a comprehensive list of risks based on those situations that could create, enhance, prevent, degrade, accelerate, or delay the accomplishment of an AML/CFT program's goals.

Slide 3

This slide lists types of risks that an organization should consider while identifying risks associated with money laundering or terrorist financing. These risks can arise from business or can be regulatory risks.

Slide 4

This slide discusses the risk management framework's second step: risk evaluation. In this step, the identified risks are evaluated. They are measured on the basis of likelihood, impact, and level of risk.

Slide 5

This slide depicts the likelihood and impact scales for calculating the risk score for money laundering and terrorist financing.

Slide 6

This slide showcases risk matrix for calculating the risk score for money laundering and terrorist financing in an organization.

Slide 7

This slide showcases a money laundering and terrorist financing risk assessment and management worksheet for organizations.

Slide 8

This slide discusses the risk management framework's third step: Risk treatment. In this step, an organization tests the methods to manage the risks associated with terrorist financing and money laundering.

Slide 9

This slide highlights some methods to manage or reduce the risks of money laundering or terrorist financing. An organization can do so by establishing transaction limits and using modern methods for identification and verification.

Slide 10

This slide discusses the risk management framework's fourth step: Risk monitoring and review.