ML/FT Risk Management: The Watchful Eyes of Second Line of Defence

The Second Line of Defense (LoD), i.e., the Risk Management and Compliance Department of a Regulated Entity, is the string holding together the entire governance function, including the first LoD, which comprises customer-facing staff and frontline personnel and the third LoD, comprising the audit function.

As an important link between the two lines of defence and being tasked with the responsibility to report and liaise with the regulator, the Compliance Team is the one that makes or breaks the AML Compliance journey of the Regulated Entity.

Our eBook focuses on how the second line of defence protects a Regulated Entity against financial crimes including the strategic use of AML software by elaborating on the following:

• The Importance of 2nd LoD in Countering ML/FT
• Responsibilities of the Compliance Officer and the Compliance Team in Countering ML/FT
• The Importance of Training for Compliance Department.

Download the eBook today and delve into the unmissable insights elaborated within!