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A series of sessions on the "Risk-Based Approach
Published Date
25 Aug 2021

The Middle East and North Africa Financial Action Task Force (MENAFATF) inaugurated this evening, Wednesday, 25August 2021, a series of sessions on the "Risk-Based Approach" for the authorities concerned with the supervision and monitoring of designated non-financial businesses and professions (DNFBPs), which will be implemented over four days. These introductory sessions aim to raise the awareness of participants from member countries about the concept of the risk-based approach, present the best practices for its application, and the appropriate mechanisms for preparing an effective framework for compliance with the requirements of combating money laundering and terrorist financing. MENAFATF cooperates in providing these sessions with our partners from the German Agency for International Cooperation (GIZ) by providing their expertise in the field of risk-based approach.