Money Laundering Risks In Banking Training Ppt

Slide 1

This slide highlights multiple factors that make the banking sector vulnerable to the risk of money laundering and terrorist financing. These are product or service risk, channel risk, business risk, customer risk, country risk, and environmental risk.

Slide 2

This slide discusses the risk posed by a product or service of it to be used for money laundering and financing of terrorism. These risk factors increase the likelihood of laundering money. These are user anonymity, international availability, use or access by third parties, ability to use or gain access to cash

Slide 3

This slide talks about the channel risk that may lead to money laundering or the financing of terrorism. Money Laundering and Terrorist Financing risks are significantly influenced by the nature and attributes of the channels used to deliver or distribute goods and services to customers.

Slide 4

This slide discusses the business risk that may aid money laundering and the financing of terrorism. Business risk is substantially influenced by where the business operations are located, the use of third parties, and the ML/TF risks that employees pose.

Slide 5

This slide talks about the customer risk that facilitates money laundering and the financing of terrorism. The vulnerability that clients may be involved in money laundering or terrorist financing operations is taken into account while calculating ML/TF customer risk.

Slide 6

This slide discusses the country risk that may encourage money laundering and terrorist financing. Country risk can be defined as the assessment of a country's or jurisdiction's susceptibility to money laundering, terrorist financing, and targeted financial sanctions.

Slide 7

This slide talks about the environmental risk that may facilitate money laundering and/or the financing of terrorism. Environmental risk considers the internal and external environment in which an organization operates.