We are committed to the effective management of risk, which is central to the continued growth and success of the organization.
The primary goal for L M Exchange’s risk management framework is to support the achievement of maximum sustainable value from all the activities of the organisation, to enhance the understanding of the potential upside and downside of factors that can affect the organisation, and to increase the prospect of success , and reduce both the potential of failure and the level of uncertainty associated with and achieving the objectives of the organisation.
L M Exchange understands that a strong Control Environment is essential to provide a foundation for the management of risk. We have a comprehensive risk assessment program to manage it effectively. This ensures that our institution determines the appropriate level of risk mitigation to be applied and makes optimum utilization of its resources. L M Exchange adopts a risk-based approach to designing its policies, procedures, and controls. We identify potential problems before they occur, so that risk-handling activities may be planned and invoked as needed across the company or its products or projects to mitigate adverse impacts on achieving objectives. Risk assessment also identifies, assesses, and understands the risks, particularly high risks, of money laundering and terrorist financing associated with the business and develop an appropriate AML/CFT framework to mitigate them. We perform a company-wide risk assessment on a regular basis in order to identify, assess and understand the risks associated with our business overall.