Regulatory Alerts2020-01-08
Terrorist Financing Risk Assessment Guidance
The Financial Action Task Force issued this guidance to assist jurisdictions in identifying, assessing, and understanding terrorist financing risks to disrupt terrorist networks. The document provides good approaches and practical examples for governance, scoping, and methodologies, drawing on inputs from over 35 jurisdictions to address unique challenges such as low-value transactions and cross-border complexities. It emphasizes the need for regular monitoring and multi-stakeholder coordination to maintain up-to-date assessments of threats and vulnerabilities across various sectors and non-profit organizations.
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