Is Your Business Risk Assessment Regulator-Ready?
This training provides a practical, hands-on approach to updating Business Risk Assessments (BRA) covering AML, TF, PF, sanctions, and sound business operation, in line with Aruban regulatory expectations and FATF standards.
Why Business Risk Assessments Matter
A Business Risk Assessment (BRA) is the foundation of an effective risk-based compliance framework. It enables institutions to understand their exposure to financial crime, governance, and sanctions risks and to apply controls proportionately.
Regulators no longer accept generic or static BRAs. Institutions are expected to demonstrate that their BRA:
- Reflects the actual risks of the business model
- It is updated regularly and when material changes occur
- Directly informs policies, controls, and decision-making
- Is understood and overseen by Senior Management and the Board
A strong BRA supports regulatory confidence, operational resilience, and sound governance.
Regulatory Focus & Common Findings
Across FATF-based jurisdictions, supervisors frequently identify:
- Outdated or template-driven risk assessments
- Weak linkage between risks and controls
- Poor documentation of assumptions and rationale
- Limited Board and Senior Management involvement
- Failure to reflect on new products, customers, or geographic exposure
This training addresses these issues directly and helps reduce common supervisory findings.
