Implementing an AML/CTF Audit Program for Non-Financial Institutions in Mainland China

Wen Shi, CAMS-Audit

This white paper outlines new ways to enhance the efficiency of AML/CTF audit. As both methods (regulation-based and risk-based AML/CTF audit) have disadvantages, in our research we have investigated a hybrid approach that takes good points from both the regulatory as well as the risk-based approach.

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