AML series – Part 1: Company Risk Assessment (+ template)

I made this course in order to share with the world my approach to anti-money laundering (“AML”) risk assessment.

The initial purpose of this course was to discuss the AML company risk assessment and share my methods/sources.

However, because all new learning requires a foundation of prior knowledge, in order to be able to understand the AML risk assessment process, I included some general information on risk, risk managing, risk assessment and money laundering.

The course defines the notion of risk in general, goes into detail on how do companies manage risk and what is the actual process, provides a brief introduction on anti-money laundering and the AML program that the law requires any obliged company to have and, finally, goes into detail on how to actually perform a comprehensive AML risk assessment (which is actually the foundation of the AML program and, therefore, what any professional should start with).

This course will also provide written course notes on the subjects mentioned above and an editable company risk assessment template where you will find a compilation of resources and instructions on how to use them.

The “homework” I made provides the exact methods I use in order to truly understand the notions and make sure that I will be able to retrieve this information in the future.

The course is suitable for professionals in the filed (beginner to intermediate) and also for aspirants (with no prior knowledge).

Last but not least, I want to share something that I cannot stress enough (you’ll also hear in the course): If you want to be a successful anti-money laundering professional, the legal and regulatory aspects are necessary, but not enough. You will need to really understand the products and business of the company you work for, in order to understand how it can be used for laundering money. For example, how is money lent, how are agricultural lands sold, how many types of insurance are there, etc. You have to know anything the launderer knows and a little more.

I hope you will find my course helpful.

Good luck!

PS:

Find below my qualifications relevant for this field:

Certificate:  AML Foundations for Cryptoasset and Blockchain – issued by ACAMS, February 2024

Course: AML risk assessment – ​​ methodology – issued by the Romanian Banking Institute, April 2023

Course: KYC, AML/CFT and anti-fraud: strategy and planning – issued by the Romanian Banking Institute, October 2021

Graduation of  The National Institute for professional training and improvement of lawyers of Romania – 2018

Member of the Romanian Bucharest Bar – 2016

Master’s degree in Business law – Law School, University of Bucharest, 2015 – 2016

Bachelor’s degree in law – Law School, University of Bucharest, 2011 – 2015

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Frequently Asked Questions

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