Anti-Money Laundering · glossary
A firm’s written view of where money laundering could reach its business: its clients, their countries, its work and its deals. Each matter’s checks must reflect it. Hollanby Darroway’s rates buying property without a loan as higher risk. Client and Matter Risk Assessment, paragraph 2 · Chapter 2 · see Client and matter risk assessment
Explained in Chapter 2, AML Risk Assessments: Firm, Client and Matter, of Anti-Money Laundering.
Every firm starts with its own business. Regulation 18 of the Regulations makes it assess, in writing, where money laundering could reach it. This is the firm-wide risk assessment.Read Chapter 2, AML Risk Assessments: Firm, Client and Matter →
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