Sound Management of Risks: Money Laundering and Financing of Terrorism Study Notes covers the following learning objectives:
Explain best practices recommended by the Basel committee for the assessment, management, mitigation, and monitoring of money laundering and financing of terrorism (ML/FT) risks.
Describe recommended practices for the acceptance, verification, and identification of customers at a bank.
Explain practices for managing ML/FT risks in a group-wide and cross-border context.