Video on AML Business Risk Assessment (BRA)

This video will help you understand the key concepts around the AML Business Risk Assessment (BRA). The AML Business Risk Assessment is also known as the Enterpiese-Wide Risk Assessment, Firm-Wide Risk Assessment, Entity-Wide Risk Assessment, or simply, ML/TF Risk Assessment.

• The need for AML Business Risk Assessment (BRA)
• Risk-Based Approach
• Risk appetite
• Risk Factors to consider while performing EWRA
• The concept of gross risk and how to arrive at it
• Evaluation of controls and their effectiveness
• The concept of net risk or residual risk and how to arrive at it