Guidance for a Risk-based Approach – The Banking Sector

The risk-based approach (RBA) is central to the effective implementation of the revised FATF International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation, which were adopted in 2012. The FATF has reviewed its 2007 RBA guidance for the financial sector, in order to bring it in line with the new FATF requirements and to reflect the experience gained by public authorities and the private sector over the years in applying the RBA.