Contents
2 Introduction to Money Laundering/Terrorist Financing Risk Management ........................................................................27 3 Overview of the Risks Associated with Money Laundering, Terrorist Financing, and Related Compliance Issues ...........28 4 The ML/FT Risk Assessment Process from the Bank Perspective .........................................................................31 5 Expected Outcomes of the ML/FT Risk Assessment .............37 Notes ..............................................................................................41 Chapter 3
The Licensing Process and AML/CFT Due Diligence................43 1 Overview .......................................................................................45 2 Summary of the Licensing Requirements for Banks..............46 3 Considerations for an Effective Licensing Process ...............50 Notes ..............................................................................................55
Chapter 4
AML/CFT Off-Site Supervision .......................................................57 1 Overview ........................................................................................59 2 Main Features of the Off-Site Supervision System................60 3 Key Tasks to Be Performed by Off-Site Examiners ................63 4 Other Responsibilities of Ongoing Supervision.......................69 Notes ..............................................................................................76
Chapter 5
The On-Site Supervisory Process .................................................79 1 Overview ........................................................................................81 2 Examination Issues and Approaches .......................................82 3 Planning and Preparing for the AML/CFT On-Site Examination ...................................................................................89 4 Overview of the Key Areas to Be Assessed............................97 5 Preparing the Examination Report ..........................................109 Notes ............................................................................................112
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