The old news is effective compliance relies on the risk based approach. The new news is the FCA is hot on documented risk assessments for your particular business model and the Fourth Money Laundering Directive will change the rules on what will pass muster. There is no such thing as a standard risk assessment, matrix or policy. If your risk based approach is not documented, was not updated with 4MLD in mind and doesn’t reflect your business as it stands today… we would like to buy you a coffee.
Over a half day of schmoozing with colleagues, chowing down on gourmet breakfast and sitting through a powerpoint, you will emerge ready to take on all the regulatory requirements that a risk based approach entails, and very probably be the compliance hero your firm has been waiting for. Don’t hesitate. Sign up for the third in our series of MLRO Masterclasses where we will discuss the approach we all do, but do we all do it right?