Great Expectations: Establishing an AML and Sanctions Risk Assessment Framework to Support Sustainable Risk Management

The need for financial institutions to assess and accurately document their anti-money laundering (AML) and sanctions risk is nothing new. However, in addition to meeting the expectations of regulatory scrutiny, institutions should think more strategically about what their risk assessment results tell them about their organization so that leadership can be better prepared to leverage valuable business intelligence in order to make informed and sustainable risk management decisions.