Assessing Money Laundering Risk

Based on the information collected about the client, your professional assessment should guide you to the final conclusion on the client’s risk level.

To help you reach your decision on the risk assessment, you can consult Appendices 2 and 3 of the Money Laundering Act, containing a non-exhaustive list of factors and types of documentation that characterize situations potentially involving a lower or higher risk of money laundering.

There are a number of guidelines from various industry associations. These can be used to support your final assessment.