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National Risk Assessments (NRAs) and Anti-Money Laundering/Countering Terrorist Financing Efforts

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Understanding National Risk Assessments

National Risk Assessments (NRAs) are crucial documents prepared by countries to identify, assess, and prioritize risks of money laundering (ML) and terrorist financing (TF) within their respective jurisdictions. These assessments help countries develop effective strategies for preventing and combating ML/TF.

What Are National Risk Assessments?

• Documents prepared by countries to identify and assess ML/TF risks
• Help countries develop effective strategies for preventing and combating ML/TF

FATF Typologies Studies

The Financial Action Task Force (FATF) conducts typologies studies on Money Laundering and Terrorist Financing. These studies represent a collaborative effort among FATF member countries to analyze trends, techniques, and methods used in ML/TF.

What Are FATF Typologies Studies?

• Conducted by the FATF as part of its membership process
• Analyze emerging threats and vulnerabilities
• Identify trends, techniques, and methods used in ML/TF

Mutual Evaluations

The FATF conducts mutual evaluations as part of its membership process to assess a country’s level of compliance with international AML/CFT standards and recommendations. This evaluation is reciprocal, meaning that each member country evaluates all other members.

What Are Mutual Evaluations?

• Conducted by the FATF as part of its membership process
• Assess a country’s level of compliance with international AML/CFT standards and recommendations
• Reciprocal evaluation among member countries