BVI FSC highlights FATF's revised National Risk Assessment guidance
The NRA helps countries identify, assess, and understand their money laundering and terrorism financing risks. This involves evaluating threats and vulnerabilities, determining risk levels, and developing strategies to mitigate these risks. An NRA supports informed policy-making, resource allocation, and the implementation of effective anti-money laundering and counter-terrorism financing measures. It ensures national strategies address both domestic and international threats.
The FATF invited input from various stakeholders to align the guidance with their experiences. The public consultation has closed and the feedback will be used to refine the draft NRA Guidance before its adoption at the FATF October 2024 Plenary. A summary of the gathered information will be shared with FATF delegations and stakeholders may be contacted for further details or permissions to use examples in the guidance.
