Risk assessments are the backbone of any well-built Anti-Money Laundering and Office of Foreign Assets Control compliance program. There are many decisions that need to be made when you decide to conduct an AML/OFAC risk assessment. This course will help you understand the importance of these assessments in the current fraud-ridden environment, the increased importance of risk assessments being advocated by government regulators and industry best practices for conducting an assessment. You will also learn how to effectively define an AML/OFAC risk assessment and how to best tailor the process to your organization's specific needs.