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: -

‚Äč

Effectiveness and commitment of AML Systems

Circumstances of the jurisdiction

Structural elements underpinning AML systems

Industry sectors

Local criminal trends

Rationale