eBook for Risk-Based Approach in AML Compliance

The principal regulations in Singapore on anti-money laundering and combating the financing of terrorism (AML/CFT) require a risk-based approach. The risk-based approach, with the revised application by the FATF recommendation, is paramount in establishing effective AML/CFT programs. It provides a system that helps to assess and understand the money laundering and terrorist financing risks to which they are exposed and further take the necessary actions. It also helps with evaluations and customer risk profiling very efficiently and effectively.

This guide will help discover and implement a risk-based approach while looking into the legal and regulatory framework. 

Moreover, this eBook contains a detailed analysis of risk-based approaches for AML compliance, such as:

• Introduction to Risk-Based Approach
• History of Risk-Based Approach
• Principle of the Risk-Based Approach (RBA)
• Risk-Based Approach to AML Framework
• Benefits of a Risk-Based Approach
• Commonly Employed Controls by companies adopting the Risk-Based Approach
• Risk-Based Approach Examples
• Use of Technology in a Risk-Based Approach

With the help of the risk-based approach, safeguard your organisation against money laundering and terrorism financing while maintaining regulatory compliance. Check out our comprehensive guide, which unlocks the power of effective AML compliance with the risk-based approach.