FATF publishes guidelines for national money laundering risk analysis

14/11/2024

This week, the Financial Action Task Force (FATF) published new guidelines for countries to conduct an effective National Risk Analysis (NRA) of money laundering risks. The guide provides a structured approach to identifying and understanding threats so that governments can better tailor their measures to the specific risks they face. 

The manual emphasises the importance of a structured approach, public engagement, and information management. Additionally, the FATF describes how countries can analyse risks and tailor measures to risk levels. Here, higher risks will receive extra attention. To build a strong anti-money laundering strategy, the FATF emphasises that countries must first have a deep understanding of their risks. It provides practical support based on experiences from more than 90 countries and input from 500 respondents. 

Key sections include NRA preparation and design, structured threat and vulnerability analysis, and follow-up steps such as tailoring measures to identified risks and improving the NRA process. 

Want to know more about the guidelines or download them? You can read more via this link.