Risk Assessment Guideline

May 2018

What is this guideline for

This guideline is designed to help you conduct your money laundering and terrorism financing risk assessment (risk assessment) under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (the Act).

You understand your business better than anyone else. You are best placed to identify and determine the level of risks your business faces from money laundering (ML) and terrorism financing (TF), and to develop appropriate strategies to manage and control these risks.

A risk assessment is the first step you must take before developing your AML/CFT programme (programme). It involves identifying and assessing the inherent risks your business reasonably expects to face from ML/TF.Once you complete your risk assessment, you can then put in place a programme that minimises or mitigates these risks. Your programme must be based on your risk assessment.

Read The Full Risk Assessment Guideline