Performing effective AML risk assessments

The AML risk assessment is a crucial part of the client due diligence process and one that regulators are looking at with an ever-keener eye.

Key features of this three-hour seminar are:

• the firm-wide risk assessment – what is it and what ACCA is looking for?
• key aspects of the client-level risk assessment (eg products/services, geography, business type, transactions)
• using electronic databases to inform the risk assessment – key tricks and traps
• how to document your risk assessment
• topical issues and red flags
• reassessing risk as part of ongoing due diligence
• frequently asked questions.

You will walk away from the session with a good grasp of all the important regulations in this area, ensuring that your firm is fully compliant with ACCA requirements.

This event was recorded on 25 June 2024.

Speaker: Peter Herbert

Peter qualified as a chartered accountant with an international accountancy firm before working in industry. He has over 20 years of training experience and is a founding director of Insight Training.

Peter specialises in financial reporting, auditing, practice regulation and company law, as well as commercial awareness and business skills. He has a small practice, providing advice to mid-tier and small accountancy practices on aspects of accounting, auditing and practice regulation.