Monographs/Information Papers
Published Date: 03 August 2020

Enhancing Robustness of Enterprise-Wide Risk Assessment on Money Laundering and Terrorism Financing

MAS conducted thematic inspections on enterprise-wide risk assessment on money laundering and terrorism financing (EWRA) in 2020. This paper highlights inspection observations and MAS’ supervisory expectations of effective EWRA frameworks and processes that financial institutions should benchmark themselves against.