!!! FIU Advisory 001-2018 - PHISHING-ALERT !!!!

Risk Mitigation

Risk mitigation is about implementing controls to limit the potential money laundering and terrorist financing risks you have identified while conducting your risk assessment to stay within your risk tolerance level. As part of your compliance program, when your risk assessment determines that risk is high for money laundering or terrorist financing, you have to develop written risk-mitigation strategies (policies and procedures designed to mitigate high risks) and apply them for high risks situations.