AML Company Risk Assessment (includes template)

Description

I made the “AML Risk Assessment” course in order to share with the world my integrative approach to law and anti-money laundering.

The initial purpose of this course was to discuss the anti-money laundering (“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 anti-money laundering 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 also makes this course great not only for professionals, but also for aspirants, because as you may have noticed, anti-money laundering seems to get more and more popular and a lot of companies are looking for specialists.

As part of the integrative approach that I developed for myself to study law, my course consists not only of legal provisions regarding anti-money laundering, but also of:

• explanations of the legal provisions and corporate processes and practices;

• practical, real-life examples for the notions that we are presented with by the legislation;

• information on how to actually do the activities that the law requires (for example, how to control and monitor risk, how to draft a realistic risk appetite statement – all of it learned through my practice and several audits);

• information on what conduit to adopt, as a professional, and tips and tricks to avoid professional liability;

• suggestions of sources to be used when performing the risk assessment; and

• learning methods that I use.

This course will also provide written course notes on the subjects mentioned above (I'm a lawyer, I'm better at writing that editing, so don't skip the written resources) 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.

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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