Risk Management’s Post

"A #risk-based approach involves a number of discrete steps in ascertaining the most cost-effective and appropriate ways to manage and mitigate the risks of money laundering and terrorist financing faced by an NBFI. These steps are to identify the money laundering and terrorist financing risks that are pertinent to the NBFI in relation to its customers, products, delivery channels, and geographic areas of operation. The steps are as follows: 1. Identify the risks. 2. Assess the risks. 3. Design and put in place controls to manage and reduce risks. 4. Monitor and improve the effective operation of the risk-based controls. " #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

"A #risk-based approach involves a number of discrete steps in ascertaining the most cost-effective and appropriate ways to manage and mitigate the risks of money laundering and terrorist financing faced by an NBFI. These steps are to identify the money laundering and terrorist financing risks that are pertinent to the NBFI in relation to its customers, products, delivery channels, and geographic areas of operation. The steps are as follows: 1. Identify the risks. 2. Assess the risks. 3. Design and put in place controls to manage and reduce risks. 4. Monitor and improve the effective operation of the risk-based controls. " #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

"A #risk-based approach involves a number of discrete steps in ascertaining the most cost-effective and appropriate ways to manage and mitigate the risks of money laundering and terrorist financing faced by an NBFI. These steps are to identify the money laundering and terrorist financing risks that are pertinent to the NBFI in relation to its customers, products, delivery channels, and geographic areas of operation. The steps are as follows: 1. Identify the risks. 2. Assess the risks. 3. Design and put in place controls to manage and reduce risks. 4. Monitor and improve the effective operation of the risk-based controls. " #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

Griffon Risk Management offers a number of unique services to enhance any organization’s understanding of international security threats. To ensure a high degree of situational awareness, we provide exhaustive, tailored threat analysis reports focused on an area, nation, city, and/or specific location of interest. Reports might concentrate on a specific topic (ex. abduction, terrorism, corruption), geography or industrial sector. A probability rating is assigned to identified threats to be used in your risk assessment process. If you would like to discuss how we can help you, please contact us: contact@griffonrm.com #riskmanagement #riskintelligence #countryrisk #intelligence

Griffon Risk Management offers a number of unique services to enhance any organization’s understanding of international security threats. To ensure a high degree of situational awareness, we provide exhaustive, tailored threat analysis reports focused on an area, nation, city, and/or specific location of interest. Reports might concentrate on a specific topic (ex. abduction, terrorism, corruption), geography or industrial sector. A probability rating is assigned to identified threats to be used in your risk assessment process. If you would like to discuss how we can help you, please contact us: contact@griffonrm.com #riskmanagement #riskintelligence #countryrisk #intelligence

Griffon Risk Management offers a number of unique services to enhance any organization’s understanding of international security threats. To ensure a high degree of situational awareness, we provide exhaustive, tailored threat analysis reports focused on an area, nation, city, and/or specific location of interest. Reports might concentrate on a specific topic (ex. abduction, terrorism, corruption), geography or industrial sector. A probability rating is assigned to identified threats to be used in your risk assessment process. If you would like to discuss how we can help you, please contact us: contact@griffonrm.com #riskmanagement #riskintelligence #countryrisk #intelligence

Griffon Risk Management offers a number of unique services to enhance any organization’s understanding of international security threats. To ensure a high degree of situational awareness, we provide exhaustive, tailored threat analysis reports focused on an area, nation, city, and/or specific location of interest. Reports might concentrate on a specific topic (ex. abduction, terrorism, corruption), geography or industrial sector. A probability rating is assigned to identified threats to be used in your risk assessment process. If you would like to discuss how we can help you, please contact us: contact@griffonrm.com #riskmanagement #riskintelligence #countryrisk #intelligence

Griffon Risk Management offers a number of unique services to enhance any organization’s understanding of international security threats. To ensure a high degree of situational awareness, we provide exhaustive, tailored threat analysis reports focused on an area, nation, city, and/or specific location of interest. Reports might concentrate on a specific topic (ex. abduction, terrorism, corruption), geography or industrial sector. A probability rating is assigned to identified threats to be used in your risk assessment process. If you would like to discuss how we can help you, please contact us: contact@griffonrm.com #riskmanagement #riskintelligence #countryrisk #intelligence

Griffon Risk Management offers a number of unique services to enhance any organization’s understanding of international security threats. To ensure a high degree of situational awareness, we provide exhaustive, tailored threat analysis reports focused on an area, nation, city, and/or specific location of interest. Reports might concentrate on a specific topic (ex. abduction, terrorism, corruption), geography or industrial sector. A probability rating is assigned to identified threats to be used in your risk assessment process. If you would like to discuss how we can help you, please contact us: contact@griffonrm.com #riskmanagement #riskintelligence #countryrisk #intelligence

Discovering the essence of risk assessment involves delving into key concepts that shape the way organizations safeguard against financial crimes and vulnerabilities. Imagine it as crafting a strategic recipe for success. Initially, a robust risk methodology serves as the guiding compass for anti-money laundering (AML) and counter-financing of terrorism (CFT) assessments, ensuring a structured and effective approach. Inherent risk, akin to the underlying flavor of an organization, demands tailored systems and controls to mitigate its impact, safeguarding against potential pitfalls. Residual risk lingers even after implementing controls, highlighting the need for continuous vigilance. Meanwhile, the dynamic approach to risk assessment reflects the ever-evolving landscape, prompting regular reviews to stay ahead of emerging threats. Embracing a risk-based approach ensures that controls are finely tuned to the nuances of each scenario, like seasoning tailored to individual tastes, maximizing effectiveness while minimizing burdens. Risk indicators act as beacons, illuminating potential vulnerabilities, guiding organizations toward proactive risk management strategies. Ultimately, controls act as the secret ingredients, empowering organizations to navigate risks with confidence, fostering resilience and growth in an ever-changing landscape. #moneylaundering #riskmanagement #financialcrime