The risk based approach rba is central to the effective implementation of the fatf recommendations adopted in 2012 between 2007 and 2009 in order to assist both public authorities and the private sector in applying a risk based approach the fatf has adopted a series of guidance in co operation with relevant sectors. Adapting risk based approach in casinos to combat money laundering terrorist financing presentation by the financial intelligence unit of central bank of sri lanka publicly available information on case studies of ml tf and indicators of suspicious transaction are used in this presentation. Approach to combating money laundering and terrorist financing outlining the importance of implementing the risk based approach as part of the aml program in banking and other industries. Recognises that the risks of money laundering and terrorist financing vary within and between sectors it requires an understanding of money laundering and terrorist financing risks at various levels including within government supervisors and institutions in private sector the risk based approach incorporates three key elements. The guidance on the risk based approach to combating money laundering and terrorist financing was developed by the fatf in close consultation with representatives of the international banking and securities sectors it was published in june 2007
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