Country AML Risk Educational Module
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CPD Certificate
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Study time: 1 hour
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Cost: US$29
Why Country AML Risk Assessment?
With the advent of the risk-based approach serving as the primary strategy in combating financial crime, the assessment of country risk has emerged as a crucial component within the customer due diligence and risk assessment framework.
However, the era in which reliance could be placed solely on a rating score or risk banding is now behind us. New regulations mandate that licensed service entities must analyze and comprehend the specific risk elements underlying any aggregate risk rating score.
However, the era in which reliance could be placed solely on a rating score or risk banding is now behind us. New regulations mandate that licensed service entities must analyze and comprehend the specific risk elements underlying any aggregate risk rating score.
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What does the course cover?
Our Learning Module covers the risk elements that all Licensed Financial Service businesses are expected to consider when assessing Country AML risk.
The course consists of nine videos and should be completed in about one hour.
The course consists of nine videos and should be completed in about one hour.
Who benefits?
Country AML risk assessment is an integral part of any customer risk assessment process, and required by all Licensed FSBs and DNFSBs when needing to understand and assess the money laundering issues posed by the associated geographical location of any customer or their business.
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