Handbook

AML Failures Scenario Development Handbook

All the elements to create an AML failure scenario

Service

ORX Scenarios

Community

ORX Scenarios Community

Risk programme

Management, Practice & Framework

Handbook - March 2021

The Anti-Money Laundering (AML) Failures Scenario Development Handbook, provides you with all the elements needed for an AML scenario.

The handbook provides practical guidance which lays out information on the following steps of the scenario process:

Preparation – list of internal and external sources used to prepare the scenario workshop
Assessment – developing the storyline, estimating severity of the impacts, risk drivers
Governance – how scenario ownership is assigned and who is involved in the scenario workshop

The handbook is available to all ORX Scenarios subscribers.

In 2020, ORX Scenarios subscribers collaborated during a series of discussions to provide input into this Scenario Development Handbook on AntiMoney Laundering (AML) failures. The handbook summarises the views from these discussions, which included ORX Scenarios subscribers from over 50 financial institutions around the world.

The handbook can be used to support the development of AML scenarios by providing guidance on preparation, assessment and governance aspects of scenario creation.