The FATF has published guidance on money laundering national risk assessments (NRAs).
The guidance aims to support countries in conducting an NRA focussed on evaluating money laundering vulnerabilities. Key sections include:
- NRA Preparation and Setup – identifying prerequisites to a successful NRA, such as political commitment, an inclusive NRA mechanism, objective setting, and the acquisition of information and data;
- Assessing and Understanding Money Laundering Risks – offering a methodology for analysing threats, vulnerabilities, and risks, allowing countries to implement a coherent methodology that is adapted to their capacity and unique risk and context;
- Post-NRA Actions – including aligning mitigation measures with identified risks, communicating findings, and refining the NRA process.