Fundamentals of the Risk Based Approach to Anti Money Laundering
Introduction Historically, the global approach to Anti-Money Laundering (AML) was predominantly rule-based, where strict compliance and standardised measures dominated strategies. However, as the financial world grew more intricate and threats more nuanced, a tailored strategy became paramount. Thus, the Risk-Based Approach (RBA) was conceived. Central to the Financial Action Task Force (FATF) recommendations, […]


