GFSC Thematic Review of AML BRAs – SUMMARY OF AREAS OF IMPROVEMENT
The GFSC issued [15th December 2022] its report on the thematic review of business risk assessments ON money laundering and terrorist financing
The thematic was undertaken to assess more than 100 licensed and registered firms [across all sectors] and how well firms identified and assessed these risks to their businesses.
The results were positive, demonstrating that most Business Risk Assessments met Bailiwick's regulatory requirements.
A copy of the thematic review is here.
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