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Financial institutions are facing the challenge of developing a risk assessment system that assists them in identifying and handling of money laundering risks. It is important that the audit process is based on the relevant risk criteria and that the individual assessments comparability is ensured. A suitable risk assessment system must be based on the strategic direction of an institution and consider its own relevant specific risk criteria.

The first part of the White Paper deals with a few clues within the regulatory framework of the individual areas of risk, which must be observed by the risk-based approach. The second part then proceeds by way of examples, which refer to individual predefined risk areas.

The full white paper can be found (in German) here.