ANTI-MONEY LAUNDERING RISK ASSESSMENT

Money laundering (ML), terrorist financing (TF) and proliferation financing (PF) have become significant national security concerns not only at the national level but also the global level. In order to effectively combat against ML/TF/PF activities, financial and non-finanacial institutions have been given significant roles and responsibilities since 9/11. Therefore, the anti-money laundering (AML) professional field is burgeoning and in parallel the need for AML skill sets are increasing. This course examines the foundaton of AML risk assessment approaches and processes. After exploring how to measure AML risk and find gaps in internal controls, it focuses on building AML risk assessment in banks, insurance sectors, casinos, money services businesses, securities broker-dealers, etc.