Question of the week: What is the ‘risk-based approach’ in relation to anti-money laundering, and what does it mean to me?

Table of contents

• Organisation-wide risk assessment
• Risk-based approach methodology
• Implementing a risk-based approach
• Limitations of the risk-based approach
• Further guidance and tools

Article summary

This week’s question of the week is what is the ‘risk-based approach’ in relation to anti-money laundering, and what does it mean to me? Read our Q&A to learn more about this topic and what issues law firms may face.