Anti-Money Laundering Policy

Money laundering poses a detrimental impact on businesses and the economy as a whole. According to the United Nations Office on Drugs and Crimes, the amount of money laundered around the world in a single year is presumed to be 2–5% of global GDP, which is roughly $800 billion to $2 trillion.

The purpose of this policy from TechRepublic Premium is to provide guidelines to prevent, detect, mitigate, and report all acts of money laundering within your company.

From the policy:

RISK ASSESSMENT

To measure the company’s susceptibility to money laundering, these factors will be considered in its periodic risk assessments:

Customer demographics.

Geographic locations the company operates in.

Nature of relationships with customers.

The download comprises a 10-page PDF and Word document.

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TIME SAVED: It took 14 hours of writing, editing and research to create this content.

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Provided by:
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Published:
September 27, 2023
Topic:
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