The MLDS money laundering detection system provides standards that put into effect the risk-oriented approach and workflow in all processes.
- What is the customer's economic and financial background?
- Is it a high-risk customer?
- Does the customer have the potential to attract new money?
- Which transactions are unusual?
- How can they be identified?
- How are the clarification processes organized within the financial institution?
- When does the dual (or more) control principle apply?
Looking in the right places: A risk-oriented perspective enables a financial institution to more efficiently deploy its resources—where the risks are the highest.
Which legal principles are relevant in the U.S., Switzerland, Liechtenstein and EU?