AML Conversations Turning Risk Assessments into Strategic Intelligence
9 snips
Jun 12, 2025 In this conversation, Jeff Fischer, Director at AML RightSource and expert in financial crime advisory, shares insights on transforming risk assessments into strategic tools for financial institutions. He discusses the importance of customizing assessments for different stakeholders, highlighting how tailored communication can enhance decision-making. Jeff emphasizes a holistic approach to risk management, connecting fraud detection with BSA/AML regulations. He also underlines the need for a consistent methodology and documentation to improve business intelligence.
AI Snips
Chapters
Transcript
Episode notes
Risk Assessments as Intelligence
- Risk assessments identify and evaluate organizational hazards and risks effectively.
- They serve as a vital business intelligence tool for informed decision-making.
Tailor Risk Assessments to Audience
- Tailor risk assessment reports to the audience, such as risk professionals or the board.
- Provide detailed data for practitioners and executive summaries for leadership.
Board's Key Risk Assessment Question
- Boards often ask what has changed since the last risk assessment.
- Showing shifts and deltas helps evaluate organizational risk appetite changes.