What are the key themes underlying an effective client Anti-Money Laundering (AML) risk assessment?

A client risk assessment uses the data points an organisation holds to determine the specific risk a client poses.<br/><br/>

The client risk focusses on similar areas as the Enterprise risk but on a 'per client' basis. Risks include such things as:<br/><br/>

Customer - Do you know exactly who the customer is (<a href="/glossarycollection/know-your-customer" style="color:#48277C;" target="_blank" title="Know Your Customer"><u>KYC</u></a>)?<br/><br/>

Country - Where are they based and where do they operate?<br/><br/>

Products / Services / Transactions - Which of the organisation's products do they use and what are the volumes and sizes of their transactions?<br/><br/>

Channel / Distribution - How is their account funded and where are the payments being sent?

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