One of the important issues in financial institutions is risk management and its management.This research investigates the effects of anti-money laundering and internal control systems on risk management in credit institutions and banks in Iran. The current research is applied and in terms of collecting and analyzing data is a descriptive-correlation type. For collecting data, a questionnaire with a five-choice Likert scale was used. The statistical population includes employees of risk management areas, anti-money laundering and internal controls of banks and credit institutions. 136 of them participated in simple random sampling. Structural Equation Model was used to analyze the data. The results show that anti-money laundering and internal control systems in credit institutions and banks have a positive and significant impact on risk management. Also, the effectiveness of anti-money laundering policies on risk management through the internal control system is greater than its direct impact.