AML INHERENT RISK ASSESSMENT
One of the key elements of any robust AML/ATF compliance regime is conducting an Inherent Risk Assessment. This assessment is essential in order to identify, assess and understand the level of risk associated with money laundering and terrorist financing within an institution.
This is an important subject for AML professionals to understand and as a result, Toronto Compliance & AML Events (TCAE) has invited Bob Kapur, a longtime leader in the world of compliance and AML/ATF to join us and delve into the regulatory requirements associated with inherent risk assessments and provide some guidance and consideration to reporting entities in conducting this essential exercise.
- What is an Inherent Risk Assessment?
- Regulatory Requirements for Inherent Risk Assessments
- Considerations for Reporting Entities
- Q & A
Bob Kapur, AML/ATF Consultant | Financial Crime Fighter
Bob Kapur is an independent AML/ATF consultant, with over 20 years of experience in the industry.
For most of this time, he was the Deputy Chief AML Officer at a Big 5 Canadian bank, and was responsible for all aspects of the global AML, ATF, and Sanctions program, including policy development, risk assessments, investigations, effectiveness testing, training, enhanced due diligence and high risk client management, and board and regulatory reporting.
He was also the bank’s representative on numerous industry and government committees and was the private-sector leader of Project Guardian, the public-private initiative with FINTRAC that targets illegal fentanyl trafficking.
Having left the bank last year, Bob is now available for consulting engagements with any organization that is looking to enhance its AML/ATF and Sanctions program, including in preparing for the upcoming regulatory changes.
Souzan Esmaili, Compliance & AML Consultant | Founder, TCAE
Souzan has over 14 years of international experience in consultancy and training with a focus in Regulatory Compliance, Anti-Money Laundering (AML), Anti-Bribery and Corruption (ABC) and RegTech. She worked for various financial institutions and consultancies in Dubai and Toronto. Souzan holds an MBA and achieved certifications such as Certified Anti Money Launder Specialist (CAMS), Post Graduate Diploma in GRC and FinTech Program from Oxford University.
Souzan created the TCAE group with a passion to help and educate the AML and Compliance professionals in Canada.