Listing to starboard

Susan Grossey may becontacted on +44 (0)1223 563636, susan@thinkingaboutcrime.com,www.thinkingaboutcrime.com

The risk-based approach is now firmlyembedded in the psyche of those in the AML community, writes Sue Grossey. Governments are conductingnational risk assessments to inform their own spending and priorities, AMLsupervisors are applying a risk-based approach in order to determine where to shinetheir brightest regulatory light, and businesses covered by AML obligations arerequired to do both Business Risk Assessments and individual client riskassessments. And a part of every single one of those risk assessments is aconsideration of jurisdiction.