# What are the areas of risk-based approach? **URL:** \ **Category:** Singapore\ **Created:** [October 9, 2024, 9:51am UTC](https://www.amlfaqs.com/t/what-are-the-areas-of-risk-based-approach/201 "2024-10-09T09:51:18Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\ **Post date:** [October 9, 2024, 9:51am UTC](https://www.amlfaqs.com/t/what-are-the-areas-of-risk-based-approach/201/1 "2024-10-09T09:51:18Z")
What are the areas of risk-based approach? ---
**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\ **Post date:** [October 17, 2024, 5:21am UTC](https://www.amlfaqs.com/t/what-are-the-areas-of-risk-based-approach/201/2 "2024-10-17T05:21:43Z")
A Risk-Based Approach (RBA)is be adopted in different areas of AML compliance, such as developing an AML compliance program that is proportionate to the assessed money laundering or terrorism financing risk or appointing a competent AML compliance officer for ensuring proper implementation of the Internal Policies, Procedures, and Controls (IPPC). RBA is also adopted in other compliance measures, such as in Customer Due Diligence, conducting ongoing monitoring of transactions or business relationships, Politically Exposed Person (PEP) screening, Identification of beneficial owners, training, and timely reporting of red flags. Check out this illustration to learn more about the areas in an AML framework where a Risk-Based Approach is adopted. > **[An insight in overall AML Controls: Tackling ML/FT risks with Risk-Based...](https://amlsingapore.com/an-insight-in-overall-aml-controls/)** > > Here is an infographic highlighting An insight in overall AML Controls that a regulated entity in Singapore must implement to combat the ML/FT risks.