AML/CTF programs

AML/CTF Programs

1.0 - Fundamentals of AML/CTF programs	2.0 - AML/CTF program: Part A (general)	3.0 - AML/CTF program: Part B (customer identification)	4.0 - Risk assessment for your AML/CTF program	5.0 - Implementing and monitoring your AML/CTF program

4.2 Risk management process (continued)

« Previous | Next »

A risk management method

The following risk management method is based on the AS/NZS 4360:2004: Standard for risk management (Australian Standard):

Risk management method

In following a risk management method what you do may be in proportion to the size of your business and the resources you have available. You also need to balance the costs to your business and customers against the risk of the business being used for ML/TF. The most relevant risks to counter will be those that your business may reasonably be expected to face while providing its services.

HB 436:2004 Risk Management Guidelines; Companion to AS/NZS 4360:2004

This handbook supports the respected standard for risk management released by Standards Australia in 2004. It provides generic guidance for establishing and implementing effective risk management processes. It contains detailed explanations for a range of approaches to following a risk management method.

The Risk Management Guidelines handbook is available from the Standards Australia website: www.standards.org.au.

Module start

Page 9 of 20

« Previous | Next »

Last updated: Friday, 28 October, 2011