Assessing Risk
Overarching Principles:
•
Countries should:
•
Identify, assess and understand their ML/TF risks
•
Designate an authority (or authorities) to coordinate actions
to assess risk
•
Apply sufficient resources to ensure risks are effectively
mitigated
•
Apply a risk-based approach to preventative measures
•
Ensure AML/CFT regimes adequately address high risk areas
