Safety and Soundness: Enhancing Your Institution’s EWRA to Meet the MAS' Supervisory Expectation
In August 2020, the Monetary Authority of Singapore (MAS) published an Information Paper titled "Enterprise-Wide Money Laundering and Terrorism Financing Risk Assessment” (EWRA) on money laundering and terrorism financing to precipitate improvements in the risk assessment processes. The paper shares MAS observations and concerns around management oversight and robustness of EWRA analysis.
ACAMS understands that a robust risk assessment enables enterprises to implement relevant policies and control procedures to effectively mitigate risks and optimize the allocation of limited AML / CFT resources. Thus, we are pleased to invite you to join the ACAMS Webinar - "Safety and Soundness: Enhancing Your Institution’s EWRA to Meet the MAS Supervisory Expectation" on 7 October 2020.
Outlining the Internal and External Risk Factors Across Customer, Product, Jurisdiction and Channel Categories that Require Attention and Improvement
Reviewing the Key Processes and Outcomes to Enhance MAS' Comprehensive Risk Assessment Framework and Techniques Framework
Enhancing the Governance and Oversight Processes to Upgrade Senior Management's Engagement, Accountability and Comprehension
Singapore, Asia, Financial Institutions, Banking
AML Compliance Professionals, Risk Managers, Industry Consultants