Risk-Based Approach â Guidance for Money Service Businesses
Risk-Based Approach â Guidance for Money Service Businesses
Risk-Based Approach â Guidance for Money Service Businesses
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<strong>Risk</strong>-<strong>Based</strong> <strong>Approach</strong> – <strong>Guidance</strong> <strong>for</strong> <strong>Money</strong> <strong>Service</strong> <strong>Businesses</strong> - July 2009 ANNEX 1SOURCES OF FURTHER INFORMATIONVarious sources of in<strong>for</strong>mation exist that may help both countries and MSBs in their development of arisk-based approach. Although not an exhaustive list, this section highlights a number of useful web-linksthat countries and MSBs may wish to draw upon. They provide additional sources of in<strong>for</strong>mation, andfurther assistance might also be obtained from other in<strong>for</strong>mation sources such as AML/CFT assessments.A. Financial Action Task Force DocumentsThe Financial Action Task Force (FATF) is an inter-governmental body whose purpose is the developmentand promotion of national and international policies to combat money laundering and terrorist financing.Key resources include the 40 Recommendations on <strong>Money</strong> Laundering and 9 Special Recommendationson Terrorist Financing, the Methodology <strong>for</strong> Assessing Compliance with the FATF Recommendations, theHandbook <strong>for</strong> Countries and Assessors, methods and trends (typologies) reports and mutual evaluationreports.www.fatf-gafi.orgFATF typologie report on Alternative Remittances Systems (June 2005):http://www.fatf-gafi.org/dataoecd/16/8/35003256.pdfB. Legislation/<strong>Guidance</strong> on the <strong>Risk</strong>-<strong>Based</strong> <strong>Approach</strong>Delegations are invited to indicate in this section possible website links to legislation / guidance that havebeen produced on <strong>Risk</strong>-<strong>Based</strong> <strong>Approach</strong> <strong>for</strong> the MSB sector or on <strong>Risk</strong> Assessment Analysis.Australia: See http://austrac.gov.au/courses.htmlBelgium: See <strong>Money</strong> laundering indicators issued by the Belgian FIU(www.ctif-cfi.be/doc/en/typo_ctif_cfi/NL1175eENG.pdf), and the circular of the BelgianSupervisory Authority (CBFA) on the obligations of customer due diligence and on preventingthe use of the financial system <strong>for</strong> money-laundering and the financing of terrorism(www.cbfa.be/eng/wk/circ/wk_circ.asp).Brazil: See www.bcb.gov.br/?RMCCIINORMS (English) orwww.bcb.gov.br/rex/rmcci/port/rmcci.asp (Portuguese)Canada: See FINTRAC guidelines(www.fintrac-canafe.gc.ca/publications/guide/Guide4/4-eng.asp#66)Denmark: See Indicators on possible money laundering or financing of terrorism issued by theDanish FIU (www.dfsa.dk/sw41296.asp)© 2009 FATF/OECD - 45
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