RBA
Risk Based Approach (RBA)
The risk based approach is a systematic response methodology that can effectively reduce risks
by identifying, evaluating, and understanding money laundering and terrorist financing risks based on an understanding of risk.
Risk is comprised of three factors: Threat, Vulnerabilities, and Consequence.
It appears as a complex relationship.
It appears as a complex relationship.
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FATF(Financial Action Task Force) Recommendations
In February 2012, the international anti-money laundering standards (FATF recommendations) were revised and a risk based approach was recommended for anti-money laundering work.
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Domestic FIU AML/CFT Risk Based Approach (RBA) Guideline
Distribution of risk based approach processing standards for each industry based on international anti-money laundering standards (FATF recommendations) in February 2012.
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RBA Risk Assessment Model
In order to continuously maintain the Money Laundering/Terrorist Financing (ML/TF) risk assessment,
the residual risk for each organization is derived through defined exposure risks and control activities,
It refers to a system that derives evaluation standards by grading or ordering residual risks.
the residual risk for each organization is derived through defined exposure risks and control activities,
It refers to a system that derives evaluation standards by grading or ordering residual risks.
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