CONCEPTS AND MEASURES
CONCEPTS
A number of concepts/factors should be considered when identifying and assessing the money laundering risks posed by the geographical location of your customers, their business, and the entry/exit point of any international transaction undertaken in the course of their business. These are: -
Effectiveness and commitment of AML Systems
Circumstances of the jurisdiction
Structural elements underpinning AML systems
Industry sectors
Local criminal trends
Rationale