Deconstructing Money Laundering Risk: De-risking, the Risk-based Approach and Risk Communication

This book examines the interpretation of the risk-based approach (RBA) and its application across the banking industry. It explores the ways conflicting risk interpretation and deconstruction of money laundering risk have unintended consequences across the banking industry. Furthermore, it offers a theoretical framework that can be adopted and implemented by risk practitioners to address money laundering (ML) risks.

The interpretation and application of the RBA influences the way money lau...