Illustration – AML Series #3 – What Does An Effective Customer Risk Assessment Program Look Like

This third installment in OCEG ‘s Anti-Money Laundering Illustrated Series addresses how to assess customers to identify those that may engage in money laundering.

Knowing your customer—really understanding them, their products, services, market areas, and business-specific context, can help your organization avoid high-risk situations and potential catastrophe. A system of monitoring, that checks both automated and human processes, decisions and actions, helps you identify risk before it becomes a problem.

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