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.

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Effectiveness and commitment of AML Systems

Circumstances of the jurisdiction

Structural elements underpinning AML systems

Industry sectors

Local criminal trends

Rationale 

 

Ensure yourself that you are aware of the risks and implications, and you may be able to mitigate against those risks.