Topic: Risk-Based Approach

Risk-Based Approach

The risk-based approach (RBA) is central to the effective implementation of the FATF Recommendations adopted in 2012.  

Between 2007 and 2009, in order to assist both public authorities and the private sector in applying a risk-based approach, the FATF has adopted a series of guidance in co-operation with relevant sectors.   The FATF is now in the process of reviewing its set of RBA guidance papers to bring it in line with the requirements of the revised FATF Recommendations, and to reflect the experience gained by public authorities and private sector over the years.