This is a group assignment. Students will be placed into groups of 3.

Each group is required to select a well-established financial institution with a regional or international presence and assess key functions including risk management and compliance. You are to present a written report based on the following:

1. Risk management framework Conduct an analysis of the risk management process/ framework implemented at the institution (including risk assessment and risk control mechanisms). You are required to report on key risks that the institution is exposed to and explain aspects of the framework, emphasizing the effectiveness of the risk management strategies used.

1. Anti-Money Laundering and Terrorist Financing Strategies Discuss with examples, the institutions approaches/ strategies to combat money laundering and terrorist financing issues.
2. Statutory legislation and compliance - Explain the importance of financial institutions meeting regulatory requirements. Comment on specific legislation that the financial institution must be compliant with.

The following will apply:

• The document should be presented in a written format that covers all the requirements of the assignment. Your final submission should be in the form of report, double spaced, with cover page included and the use of Times Roman font, (12 size font).
• The number of words in the plan document should not exceed 4,500 words.
• External references must be appropriately cited both in the body of the response as well as in a reference list at the end of the response, using American Psychological Association (APA) format.