Money laundering and terrorist financing risks - Documents ...

Many countries have chosen to publish information about the ML/TF risks to their financial system in the form of a national money laundering and terrorist ... Home Countries Documents Moneylaunderingandterroristfinancingrisks Home Publications MethodsandTrends Moneylaunderingandterroristfinancingrisks Home Publications Moneylaunderingandterroristfinancingrisks Moneylaunderingandterroristfinancingrisks Send Print Tweet OneofthekeyrequirementsoftheFATFRecommendationsisforcountries,toidentify,assessandunderstandthemoneylaundering(ML)andterroristfinancing(TF)risksthattheyareexposedto.Oncetheserisksareproperlyunderstood,countrieswillbeabletoimplementanti-moneylaunderingandcounterterroristfinancingmeasuresthatmitigatetheserisks. Thisapproach,therisk-basedapproach,iscentraltotheeffectiveimplementationoftheFATFStandardsandalsoappliestofinancialinstitutionsanddesignatednon-financialbusinessesandprofessions. ManycountrieshavechosentopublishinformationabouttheML/TFriskstotheirfinancialsystemintheformofanationalmoneylaunderingandterroristfinancingrisksassessment. ThepublicationofsuchanationalriskassessmentisnotamandatoryrequirementoftheFATFStandards. However,sharingthisinformationwillincreaseglobalunderstandingofML/TFriskandmayhelpcountriesidentify,assessandunderstandwheretheirownvulnerabilitieslie. Eachcountrycandeterminehowitwillassesstheserisks.Toassistcountriesinthisprocess,theFATFhasdevelopedguidancewhichexplainsthegeneralprinciplesandstagesofariskassessment.Thepracticesdescribedintheseguidancedocumentsserveasexamples,andarenotspecificactionsthatacountrymusttake.  TerroristFinancingRiskAssessmentGuidance  NationalMoneyLaunderingandTerroristFinancingRiskAssessment Regardlessoftheapproachacountryhaschosentoidentify,assessandunderstandtherisktoitsfinancialsystem,theFATFwillassesstheextenttowhichithasbeenabletodosoduringitspeerreviews. ThesereviewsarebasedontheMethodologyforassessingtechnicalcompliancewiththeFATFRecommendationsandtheEffectivenessofAML/CFTSystemsandassessorswilllookcloselyatacountry’sevaluationofitsrisksduringtheassessmentofRecommendation1andImmediateOutcome1. Thefollowingareexamplesofpublishednationalandregionalriskassessments: Nationalriskassessments Armenia   NationalAssessmentofMoneyLaunderingandTerrorismFinancingRiskintheRepublicofArmenia-2014 Australia   Australia’snon-profitorganisationsector:moneylaunderingandterrorismfinancingriskassessment-2017TerrorismFinancinginAustralia-2014MoneyLaunderinginAustralia-2011 Austria   NationaleRisikoanalyseÖsterreich-2015[inGermanonly] Bahamas   NationalMoneyLaunderingandTerroristFinancingRiskAssessmentSummary2015/2016 Bangladesh   NationalRiskAssessmentReport-2016 Belarus   NationalRiskAssessment-Summary-2014-2017 Bermuda   NationalMoneyLaunderingandTerroristFinancingRisk Bhutan   NationalMoneyLaunderingandFinancingofTerrorismRiskAssessment-2017 Canada   AssessmentofInherentRisksofMoneyLaunderingandTerroristFinancinginCanada-July2015Tendancesetanalysedesrisquesen2014 [inFrenchonly] Cambodia   NationalMoneyLaunderingandTerroristFinancingRiskAssessmentReport-2018 CaymanIslands   CaymanIslandsNationalRiskAssessmentRelatingtoMoneyLaundering,TerrorismFinancingandProliferationFinancing-2015 Chile   NationalEvaluationofMoneyLaunderingandTerroristFinancingRisks ChineseTaipei   NationalMoneyLaunderingandTerroristFinancingRiskAssessmentReport-2018 Colombia   NationalMoneyLaunderingandTerroristFinancingRisk CookIslands   CookIslandsNationalMoney-LaunderingandTerrorismFinancingRiskAssessment  Croatia   NationalMoneyLaunderingandTerroristFinancingRiskAssessmentReport -2016[inCroatonly] Cyprus   NationalAssessmentofMoneyLaunderingandTerroristFinancingRisks-2018 CzechRepublic   ReportontheFirstRoundofNationalMoneyLaunderingandTerroristFinancingRiskAssessment -December2016 Denmark   MoneyLaunderinginDenmark-NationalRiskAssessment2015MoneyLaunderinginDenmark-NationalRiskAssessment-2018NationalRiskAssessmentonTerroristFinancinginDenmark-2019 DominicanRepublic   SummaryofNationalRiskAssessmentofMoneyLaunderingandTerroristFinancing,2010-2014[Spanish] Fiji   FijiMoneyLaunderingandFinancingofTerrorismNationalRiskAssessment-2014 Finland   NationalRiskAssessmentofMoneyLaunderingandTerroristFinancing-2015[inFinnishonly] France   Tendancesetanalysedesrisquesdeblanchimentdecapitauxetdefinancementduterrorismeen2017-2018[Frenchonly] Germany   NationalriskassessmentofGermany,2018-2019[Germanyonly]NationalriskassessmentofGermany,2018-2019 Ghana   NationalRiskAssessmentonMoneyLaunderingandTerroristFinancing Gibraltar   MoneyLaunderingandTerroristFinancingNationalRiskAssessment -2018 Greece    MoneyLaunderingRiskAssessment-October2018 HongKong,China   MoneyLaunderingandTerroristFinancingRiskAssessmentReport -2018 Indonesia   IndonesiaNationalRiskAssessmentonMoneyLaundering -2015 Ireland   NationalRiskAssessmentforIreland-2016 IsleofMan   NationalRiskAssessmentofMoneyLaunderingandFinancingofTerrorism-2015 Israel   NationalRiskAssessmentonTerrorFinancing-2017 Italy   NationalAssessmentofMoney-LaunderingandTerroristFinancingRisks-2014Nationalriskassessmentofmoneylaunderingandterroristfinancing-2018 Japan   NationalRiskAssessmentofMoneyLaunderingandTerroristFinancing–2019NationalRiskAssessmentofMoneyLaunderingandTerroristFinancing–2018NationalRiskAssessmentofMoneyLaunderingandTerroristFinancing –2017 Jersey   MoneyLaunderingTypologiesandTrends-2015NationalRiskAssessmentofMoneyLaundering Kyrgyzstan   NationalRiskAssessment Latvia   LatvianNationalmoneylaundering/terrorismfinancingriskassessmentreport -2017 Liechtenstein   MoneyLaunderingandTerroristFinancingNationalRiskAssessmentReport -2018 Lithuania   LithuanianNationalRiskAssessmentofMoneyLaunderingandTerroristFinancing-2015 Luxembourg   Évaluationnationaledesrisquesenmatièredeblanchimentdecapitauxetdefinancementduterrorisme-2018Nationalriskassessmentofmoneylaunderingandterroristfinancing -2018 Malawi   MoneyLaunderingandTerroristFinancingNationalRiskAssessmentReport -2018 Malaysia   NationalMoneyLaundering&TerrorismFinancingRiskAssessment-2017 Malta   NationalRiskAssessmentonMoneyLaunderingandFinancingofTerrorism-2018 Mexico   EvaluaciónNacionaldeRiesgosDeLavadodeDineroyFinanciamientoAlTerrorismoenMéxico -2016 Monaco   L'EvaluationnationaledesrisquesdelaPrincipautédeMonaco-2016/2017 Mongolia   NationalRiskAssessmentofMoneyLaunderingandFinancingofTerrorism-2016  Montenegro   NationalMoneyLaunderingand TerroristFinancingRiskAssessment Report Myanmar   NationalRiskAssessmentonMoneyLaunderingandFinancingofTerrorism-2018 Netherlands   NationalRiskAssessmentonTerroristFinancing-EnglishSummary-2017NationalRiskAssessmentMoneyLaunderingreportNationalRiskAssessmentTerroristFinancingreport NewZealand   NationalRiskAssessment-2010SectorRiskAssessment-2011SectorRiskAssessmentforRegisteredBanks,Non-BankDepositTakersandLiveInsurers-2017FinancialIntelligenceUnit-NationalMoneyLaunderingandTerrorismFinancingRiskAssessment-2018 Nigeria   NigeriaNationalMoneyLaundering&TerroristFinancingRiskAssessment-2016NigeriaNationalRiskAssessmentonMoneyLaundering&TerrorismFinancing-2016 Panama   EvaluacionnacionalderiesgosdeblanqueodecapitalesyfinanciamientoalterrorismodePanama [inSpanishonly] PapuaNewGuinea   NationalMoneyLaunderingandTerroristFinancingRiskAssessment-2017 Peru   NationalMoneyLaunderingandTerroristFinancingRiskAssessment-2016 Philippines   NationalRiskAssessmentonMoneyLaunderingandTerrorismFinancing-2016 Portugal   Avaliaçãonacionalderiscosdebranqueamentodecapitaisedefinanciamentodoterrorismo-2015 [inPortugueseonly] RussianFederation   NationalTerrorismFinancingRiskAssessment2017-2018 SanMarino   NationalRiskAssessment-2015 Serbia   NationalRiskAssessmentofMoneyLaunderingintheRepublicofSerbia Seychelles   NationalMoneyLaunderingandTerroristFinancingRisk -2017 Singapore   SingaporeNationalMoneyLaunderingandTerroristFinancingRiskAssessmentReport-2013 SlovakRepublic   NationalAssessmentoftheRiskofMoneyLaunderingandTerroristFinancingintheSlovakRepublic Spain   NationalRiskAssessmentofSpain-2020 SriLanka   NationalMoneyLaunderingandTerroristFinancingRiskAssessmentofSriLanka2014 Sweden   2021NationalRiskAssessmentformoneylaunderingandterroristfinancing,includingasector-by-sectoranalysis 2019NationalRiskAssessmentformoneylaunderingandterroristfinancing  Switzerland   Rapportsurl’évaluationnationaledesrisquesdeblanchimentd’argentetdefinancementduterrorismeenSuisse-2015BerichtüberdienationaleBeurteilungderGeldwäschereiundTerrorismusfinanzierungsrisikeninderSchweizReportonthenationalevaluationoftherisksofmoneylaunderingandterroristfinancinginSwitzerland-2015 Tajikistan   InTajikonly Tanzania   NationalMoneyLaunderingandTerroristFinancingRiskAssessmentReport-2016 TimorLeste   NationalRiskAssessment2016-2020[inPortugueseonly] Tunisia   NationalRiskAssessmentofMoneyLaunderingandTerroristFinancing,ExecutiveSummary-2017 Uganda   NationalRiskAssessmentofUganda -2017 Ukraine   NationalRiskAssessmentReportonPreventingandCounteringLegalization(Laundering)ofProceedsofCrimeandFinancingofTerrorism-2016   UnitedKingdom   UKNationalRiskAssessmentofMoneyLaunderingandTerroristFinancing–2015 UKNationalRiskAssessmentofMoneyLaunderingandTerroristFinancing– 2017UKNationalriskassessmentofmoneylaunderingandterroristfinancing-2020UK Nationalriskassessmentofproliferationfinancing-2021 UnitedStates   NationalStrategyforCombatingTerroristandOtherIllicitFinancing-2020NationalMoneyLaunderingRiskAssessment-2015NationalTerroristFinancingRiskAssessment-2015USNationalProliferationFinancingRiskAssessment-2018NationalMoneyLaunderingRiskAssessment-2018NationalTerroristFinancingRiskAssessment-20182022NationalMoneyLaunderingRiskAssessment2022NationalTerroristFinancingRiskAssessment2022NationalProliferationFinancingRiskAssessment Uruguay   NationalRiskAssessmentofMoneyLaunderingandTerroristFinancing -2014 Vanuatu   VanuatuMoneyLaunderingandFinancingofTerrorismNationalRiskAssessment-2015 Zimbabwe   SummaryoftheMoneyLaunderingandFinancingofTerrorismNationalRiskAssessmentofZimbabwe-2015 Regionalorsupranationalriskassessments Regionalriskassessment2016South-EastAsia/Australia-co-ledby AustraliaandIndonesia,withcontributionsfromMalaysia,thePhilippines,SingaporeandThailand. EUSupranationalRiskAssessmentReport -26June2017 EuropeanSupervisoryAuthorities(ESAs)JointOpinionontheRisksofMoneyLaunderingandTerroristFinancingAffectingtheUnion’sFinancialSector-20February2017 GAFILATRegionalThreatAssessment,2017         Moreon: FATFconductstypologiesstudieswhichessentiallyrepresentML/TFassessmentsofanarrowerscope,suchasonparticularthreatsorvulnerabilities MethodologyforassessingtechnicalcompliancewiththeFATFRecommendationsandtheEffectivenessofAML/CFTSystems MoreaboutFATFMutualEvaluations MethodsandTrends Publications