Money Laundering Bulletin
National risk assessments almost worthless, says World Bank study
By Sara Lewis
National risk assessments (NRAs) for money laundering and terrorist financing, required by the Financial Action Task Force
(FATF) since 2012, are not comparable or based on sound methodology, according to a new World Bank study – ‘National Assessments
of Money Laundering Risks: Learning from Eight Advanced Countries’ NRAs’. [1]