The Risk Based Approach (RBA) has become the core of money laundering compliance in Canada and throughout developed countries, and is evident in a legislative shift from prescriptive to judgment-based measures. All Reporting Entities are obligated to assess money laundering and terrorist financing risk, adopt measures to address that risk, and apply enhanced and regular scrutiny to identified high risk activities and clients. Williams McGuire has conducted and led dozens of risk assessments for all categories of Reporting Entities – ranging in asset size from $20 million to over $150 billion.
Risk assessment is continuous, and requires contemporary knowledge of money laundering trends and typologies. The money laundering risk forum is a web-based forum in which senior AML professionals from across Canada and across sectors share observations on money laundering risks, experiences and cases. To fine tune your money laundering risk radar, sign up for our quarterly money laundering risk forum by completing and submitting the form below.
The Risk Based Approach (RBA) has become the core of money laundering compliance in Canada and throughout developed countries, and is evident in a legislative shift from prescriptive to judgment-based measures. All Reporting Entities are obligated to assess money laundering and terrorist financing risk, adopt measures to address that risk, and apply enhanced and regular scrutiny to identified high risk activities and clients. Williams McGuire has conducted and led dozens of risk assessments for all categories of Reporting Entities – ranging in asset size from $20 million to over $150 billion.
Risk assessment is continuous, and requires contemporary knowledge of money laundering trends and typologies. The money laundering risk forum is a web-based forum in which senior AML professionals from across Canada and across sectors share observations on money laundering risks, experiences and cases. To fine tune your money laundering risk radar, sign up for our quarterly money laundering risk forum by completing and submitting the form below.
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