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.
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.