Purpose

This paper aims to provide an easy to follow, practical guide for small traditional banks and credit unions to conduct an enterprise-wide risk assessment of the financial institution’s anti-money laundering compliance program.

Design/methodology/approach

Information was collected from relevant documents published by global standard setters in the disciplines of anti-money laundering, financial crime prevention and risk management. The data was integrated with common challenges experienced by small financial institutions to produce an application-based guide that practitioners can readily implement.

Findings

Though not a new concept, macro-level financial crises and institutional level financial crimes have influenced the rapid evolution of risk management in financial institutions over the past three decades. Small unsophisticated banks and credit unions are expected to now perform an internal risk assessment. An abundance of information is available on risk assessment, but small institutions remain challenged in finding a turnkey document that is readily actionable to stimulate a less arduous undertaking, especially given the institutions’ limited resources.

Research limitations/implications

The setting reflects small deposit-taking institutions with traditional services. It is tailored for easy understanding and practical use by the institutions.

Originality/value

This could influence small institutions to conduct enterprise-wide risk assessments and formulate and use more specific risk management policies.

中文翻译：

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小银行和信用合作社企业范围风险评估的方法

目的

本文旨在为小型传统银行和信用合作社对金融机构的反洗钱合规计划进行企业范围的风险评估提供易于遵循、实用的指南。

设计/方法/方法

信息是从反洗钱、金融犯罪预防和风险管理领域的全球标准制定者发布的相关文件中收集的。这些数据与小型金融机构遇到的常见挑战相结合，以生成从业者可以轻松实施的基于应用程序的指南。

发现

尽管不是一个新概念，但宏观层面的金融危机和机构层面的金融犯罪已经影响了过去三十年金融机构风险管理的快速演变。小型、不成熟的银行和信用合作社现在预计将进行内部风险评估。有大量关于风险评估的信息，但小型机构在寻找易于操作以刺激不那么艰巨的任务的统包文件方面仍然面临挑战，特别是考虑到这些机构的资源有限。

研究限制/影响

该设置反映了提供传统服务的小型存款机构。它是为便于机构理解和实际使用而量身定制的。

原创性/价值

这可能会影响小型机构进行企业范围的风险评估并制定和使用更具体的风险管理政策。