Sectoral Risk Assessment refers to a process that enables companies to assess the risks associated with a specific sector of their business activities. In particular, it helps companies identify and manage the risks of money laundering and terrorist financing.
#risk-based approach (rba)
Don’t risk your business.
The National Risk Assessment (NRA) identifies the primary concern for money laundering and terrorist financing risks that countries have.
The Financial Crimes Enforcement Network (FinCEN) has performed the CDD Ultimate Rule published by the U.S. Department for financial institutions in May 2018.
The AML risk assessment carries out this process by identifying placessand those who want to finance terrorist activities.