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Money Laundering / Terrorism Financing (ML/TF) risk assessment is a process of identifying, assessing, and understanding the risks of money laundering and terrorist financing (ML/TF) that an organisation may face. It involves evaluating various factors to determine the level of risk and the implementation of appropriate measures to mitigate those risks.

Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) program is crucial for organisations to comply with AML/CTF obligations and requirements. Under the AML/CTF Act 2006, all reporting entities must establish and maintain an AML/CTF program that identifies, mitigates, and manages their money laundering and terrorism financing (ML/TF) risks, and addresses the AML/CTF system and control requirements set out in the AML/CTF Rules.

Explore the key roles and responsibilities in AML/CTF governance, including the involvement of the Board, senior management, and compliance officers. Understand the amended AML/CTF Act 2024 requirements, risk management strategies, and the importance of fostering a culture of compliance within organizations.