Module Name: AML Monitoring & Surveillance Oversight Slide Name: AML and Sanctions Risks Screen No: 03 On-Screen Text Graphics Description What is a Risk? A risk is a possible event that could adversely affect the achievement of a desired outcome. State Street uses a risk identification process that contains the systematic Display the OST with the below image. listing of events that could affect the achievement of State Street’s AML and Sanctions objectives. Such events can be identified: Image ID: In the external environment, such as a change in AML laws and regulations Within the organization’s internal environment, such as errors in the customer onboarding process Note: When these events intersect with State Street’s objectives, or can be predicted to do so, they become risks.
Module Name: AML Monitoring & Surveillance Oversight Slide Name: AML and Sanctions Risks Screen No: 03 On-Screen Text Graphics Description What is a Risk? A risk is a possible event that could adversely affect the achievement of a desired outcome. State Street uses a risk identification process that contains the systematic listing of events that could affect the achievement of State Street’s AML and Sanctions objectives. Such events can be identified: In the external environment, such as a change in AML laws and regulations Within the organization’s internal environment, such as errors in the customer onboarding process Note: When these events intersect with State Street’s objectives, or can be predicted to do so, they become risks. Display the OST with the below image. Image ID:
State%20Street%20AML_M%20&%20S_Oversight_SB_V3.6_10-Feb-2015.docx