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During this module we covered the following topics:
- contrast between compliance and risk management
- creating a compliance program that meets your business needs
- characteristics of a successful compliance culture
- key elements of a business's internal environment that support its ability to implement and sustain an AML/CTF program
- how to manage risk
- identifying what ML/TF risks exist for your business when providing designated services
- assessing risks in terms of their likelihood and impact
- assessing the consequences of risk that eventuates
- how to obtain a risk score to aid decision making
- identifying risk appetite
- how tolerant your business is to risk while still maintaining compliance
- identifying and testing methods to manage risks
- keeping records and monitoring your AML/CTF program
You may now complete the quiz on the topics covered in this module. The answers are supplied at the end of the quiz so that you may review your answers:
The quiz and answers are available in a printable format:
This module is also available in a printable format:
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