A risk‐based approach to AML

Jos de Wit

Journal of Financial Regulation and Compliance, 2007, vol. 15, issue 2, 156-165

Abstract: Purpose - The purpose of this paper is to present a risk‐based approach to anti‐money laundering (AML) systems. Design/methodology/approach - The paper covers the areas of: customer due diligence, customer acceptance, risk management and implementation. Findings - Regulators and financial institutions need to co‐operate so that AML standards can be set within a risk‐based approach, thus enabling a country to protect itself in the best possible and affordable way. Originality/value - The paper outlines the controversy present between financial institutions and regulators in the approach to AML.

Keywords: Money laundering; Risk management; Financial institutions (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:jfrcpp:v:15:y:2007:i:2:p:156-165

DOI: 10.1108/13581980710744048

Access Statistics for this article

Journal of Financial Regulation and Compliance is currently edited by Prof John Ashton

More articles in Journal of Financial Regulation and Compliance from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().