ECSH31500 - Risk Based Approach

Introduction

A key principle of the UK's approach to anti-money laundering (AML) and counter-terrorist financing (CTF) measures is the risk-based approach (RBA). This approach helps supervised businesses and HMRC to ensure that their resources are being used where they will have most impact. 

Economic Crime-Supervision (EC-S) adopts a RBA to inform our compliance activities. This involves identifying and prioritising the highest risks in our supervised sectors and then focusing resources on mitigating those risks. This method ensures that our resources and compliance capabilities are focused to the highest money laundering, terrorist financing & proliferation financing risks identified.  

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