Assessing the levels of AML and CFT risk encountered by various subject persons : how is this being mitigated and managed?

Abstract

The world is controlled by money and money is the basis for any business and trade activity to be successful. The laundering of money and the financing of terrorism are two evil acts now present in many economies. In fact in many countries money laundering and the financing of terrorism raise a lot of questions regarding their detection, prevention and examination. They represent far-reaching consequences and effects. This study evaluates what risks these crimes present to various subject persons and what are they doing to mitigate these risks. This study also considers literature and data collected in order to achieve our main research objectives of studying the effect of money laundering and the financing of terrorism on subject persons.