“Risk-based Supervision” - representatives of SARAS attended the webinar organized by FATF

On May 6, the international webinar on “Risk-based Supervision” was organized by FATF which aims at developing legislative and institutional measures on anti-money laundering and counter-terrorist financing on national and international levels as well as to conduct common policy for anti-money laundering. 

The webinar aimed to enhance participants' knowledge of estimation and management of risks for money laundering through the FATF risk-based supervision guidance as risk management has been a key requirement of the FATF since 2012 on anti-money laundering and counter-terrorism financing. The private sector and its public oversight bodies are on the front line of the fight against illegal income. However, the implementation of a risk-based supervision program has challenges in itself.  

Professional society of the private and financial sectors shared their views on effective supervision at the webinar. 

The participants of the webinar received important information about risk management of Anti-Money Laundering and approaches based on the risk.