Geographical Location

  • Both the residence and the citizenship of customers is important. Corporate headquarters and locations they carry out their business are also key. Check if any pose and increased risk of money laundering.

  • Organisations need to develop and document a methodology for assessing geographical risk, including whether the county has FATF-style membership, high levels of corruption (Transparency International publish these each year), drug production or transit history, or is in a secrecy haven.

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