Are too many of your clients and matters ending up as high risk? We’re hearing this increasingly from firms and the problem may not be the clients themselves. It could be the way your risk assessment and scoring methodology has been designed.

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In this practical session, Amy Bell will look at what a good client and matter risk assessment should actually achieve, how different risk factors should influence your overall assessment, and how to avoid a system that automatically pushes perfectly manageable work into the high-risk category.

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We’ll cover how to make risk decisions that are proportionate, explainable and defensible, without creating unnecessary work for your team.

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AMLS in Action starts with a roundup of the latest AML news and developments, followed by a practical deep dive into this month’s topic and a short Q&A.

Your AML programme is up and running but is now really the right time for an independent evaluation?

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In this session, Amy Bell will explore the difference between an independent evaluation and a post-implementation review, and help firms think about which approach may be most useful at this stage.

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We’ll look at what each exercise can tell you, what you may want to test while your new processes are still bedding in, and whether identifying and resolving early implementation issues first could make a later independent evaluation more valuable.

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It’s a practical look at how to review what you’ve put in place, identify what needs improving and make sure your AML programme is working as intended.

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AMLS in Action starts with the latest AML news and developments, followed by a practical deep dive into this month’s topic and a short Q&A.

Understanding the purpose and nature of a business relationship is a fundamental part of CDD but what does that actually mean in practice?

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In this session, Amy Bell will unpack what firms need to understand and record, what information you should obtain, what may need to be checked or corroborated, and how your approach should vary depending on the client, matter and level of risk.

 

We’ll also look at how purpose and nature fits into your wider CDD and ongoing monitoring processes — without turning it into another box-ticking exercise.

 

The aim is to help you gather the information you actually need and understand how it should inform your AML decisions.

 

AMLS in Action starts with the latest AML news and developments, followed by a practical deep dive into this month’s topic and a short Q&A.