National money laundering risk assessment 2017- 2018: key findings

Published: 17.07.2018

In accordance with the FATF Recommendations and the Methodology, countries should continuously assess the risks of money laundering (ML) and terrorist financing (TF) with the aim of creating an adequate understanding at the national level of risks and threats to the financial system and the economy as well as the negative consequences that these acts pose. Countries should also develop adequate mitigating measures.

This document is a public version of the report on the national ML risk assessment (ML NRA). The Report contains the key outcomes of the assessment.

The results of the ML NRA are to be brought to the attention of all participants of the AML/CFT system (state bodies and the private sector) and are to be further used both in the practical aspect of applying risk-based approach and as contextual information in subsequent national risk assessments.

The outcomes of the ML NRA should be reflected: a) in sectoral risk assessments of supervisory bodies that assess ML risks in their respective sectors; b) in the internal control programs of the subjects of the Federal Law of 07.08.2001. №115-FZ "On Counteracting the Legalization (Laundering) of criminal proceeds and the Financing of Terrorism" (the AML/CFT Law), when developing risk management policy and in practical work when conducting risk assessment of customers, products, services, delivery channels, etc.

National money laundering risk assessment 2017- 2018: key findings (pdf)