CAMLI Training Documents: A Compliance Officer's Resource: Reducing Geographic Risk

Risk management, as envisioned in today’s compliance world, must be a dynamic process, reflecting the constant changes in the business environment and the ongoing and evolving threats that threaten that environment. Consequently, the need for compliance departments to have access to the most current information and data sources to assist with measuring and responding to these risks is an essential resource. Particularly since the risk rating process requires supportive background information based on reputable and standardized sources.

CAMLI’s subject matter experts have compiled a geographic risk resource compendium that summarizes the most current money laundering, terrorist activity, corruption, and criminal data by specific geographic locations including: country, regions, provinces/states, and Canadian municipal locations.

The beauty of this resource tool is that the research and compiling of information has been done for you.

Assist employees assess the risks associated with customers through the use of:

• Individual country assessments that discuss and assess a nation's risks for money laundering, terrorist financing and corruption activity; the presence of illegal drug activity; and the efforts made by the country's government to control for these threats;
• Risk Alert summaries describe those nations that have been identified as being money laundering priority jurisdictions and countries; lists of high risk countries; vulnerability checklists for money laundering; terrorist safe havens and state sponsors of terrorism; as well as jurisdictions subject to economic sanctions that must be reinforced under Canadian law;
• Canadian Crime Statistics covering medium to large-sized communities across the country;
• The Corruption Perception Index, which measures the perceived levels of public sector corruption across the world; and
• AML Risk Rankings summarized by various countries.

A Compliance Officer's Resource: Reducing Geographic Risk is included with your CAMLI membership or can be purchased directly from the CAMLI Store.