This panel looked into the media Sources of information that are available to us. The 5mld means that we need to be using independent and reliable sourced for KYC. Hugo (RDC) also shared his .4 step risk based approach; determine the risks, mitigate them, define risk tolerance, and document the decision.

It was agreed that an AML 101 is to conduct a risk assessments, use your common sense and trust your analysts.

Samantha Sheen, Founder & Director, ExAnte Advisory Ltd
Livia Benisty, Global Head of Business AML, Banking Circle
Hugo Veazey, Director Anti- Financial Crime Solutions, RDC
Willem Wellinghoff, Chief Legal & Compliance Officer, ShieldPay