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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