Publication:

ENTERPRISE WIDE MONEY LAUNDERING RISK ASSESSMENT

13 June 2019

Yusuf Abdoollah , Partner - Risk Advisory |

HOW BDO RISK ADVISORY SERVICES CAN HELP?
The assessment of ML/TF risks faced by your business can be
done using numerous methods. For instance, risk can be
defined as the likelihood of an event and the consequence of
that event. Risk can also be seen as a function of threat,
vulnerability and impact. Whichever method you choose, BDO
can assist you to design a framework that is appropriate and
proportionate to your needs.
The risk assessment should consider all relevant
inherent money laundering risk factors in order to
determine your overall risk profile and in turn
assess the nature of mitigating controls, both from
a design and operating effectiveness standpoint.
Our ML/TF risk assessment methodology can be
considered in 4 components as shown in the
diagram on the right: