New risk-based approach guide to combat money laundering and terrorist financing
The Financial Action Task Force (FATF) has published guidance on the risk-based approach to combating money laundering and terrorist financing.
The FATF risk-based guidance is intended to support the development of a common understanding of what the risk-based approach involves, indicate good public and private sector practice in the design and implementation of an effective risk-based approach, and outline the high-level principles involved in applying the risk-based approach.
The guidance is mainly addressed to public authorities and financial institutions. A full review of the report will appear in the next issue of OpRisk&Compliance.
More on Regulation
SSM chair also wants to end rule opt-outs that make banks "look stronger than they really are"
Dodd-Frank and Mifid II won't stop market disorder but will penalise hedgers
Floors framework should not overstate risk, says Sweden's bank supervision chief
RBS risk veteran says banking activities pose greater threat
Sign up for Risk.net email alerts
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.