A new year so it’s a good moment to review the plans for 2018 and the risks that need to managed. In order to assess risks, any financial institution first needs a clear and detailed risk appetite definition. Thereafter, the organisation will need a periodic
assessment of actual risks.
Running a risk scan periodically can be extremely useful. i-KYC has done these risk assessments for many organizations and has built up an extensive set of criteria to assess the AML/CFT risk in any type of financial institution.
We use an approach in which we zoom in on the AML/CFT environment from a governance, business, execution, resource, policy and training perspective. Questions can be tailored to reflect the specifics of any organization in terms of client portfolio, geography