Authoritative guidance on “risk-based” banking

Resource published October 23, 2014

Rsk-Based Banking

The Financial Action Task Force (FATF) is the global standard setter for combating money laundering, terrorist financing and other threats to the financial system. Their Risk-based Approach Guidance for the Banking Sector gives clear guidance on how to properly implement the risk-based approach. It should be read in conjunction with the FATF Guidance on AML/CFT and Financial Inclusion.

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