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What Is the Anti-Money Laundering Act (AMLA)?

Enterprise-Wide Risk Assessment (EWRA) is a comprehensive evaluation process used by organisations, especially within financial crime compliance, to identify, assess, and manage risks across their entire operations. It involves analysing potential threats related to money laundering, terrorism financing, fraud, and other financial crimes, taking into account factors such as geographical exposure, customer demographics, products, and services offered. The goal of an EWRA is to create a holistic view of the organisation’s risk landscape, enabling the development of tailored risk management strategies and compliance controls. By regularly conducting an EWRA, institutions can proactively adapt to evolving regulatory requirements and emerging threats, ensuring that their risk mitigation measures remain effective and that they maintain a strong defense against financial crime. 

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