Webinar on Risk-Based Supervision

Publication details

Language

English

Country

 

Supervising the private sector’s efforts to combat money laundering

Lessons learnt: moving from ticking boxes to mitigating risks

 

Since 2012, addressing risks is at the centre of FATF’s requirements on anti-money laundering and counter-terrorist financing. The private sector and their public-sector supervisors are at the front-line of combatting illicit finance. But putting in place a risk-based supervision programme has its challenges.

We heard from the authors of the FATF’s Guidance on Risk-Based Supervision and learned more about assessing risks and applying that understanding to prioritise supervisors’ day-to-day work.

We also heard from the private sector and the financial inclusion community on what effective supervision means to them. 

 

 

 

Valerie Tay, Moderator

Executive Director, Anti-Money Laundering Department
Monetary Authority of Singapore (MAS)

 

 Hamish Armstrong

Chief Adviser - Financial Crime
Jersey Financial Services Commission 

Philippe Bertho 

Head of the AML-CFT directorate
Autorité de contrôle prudential et de resolution/Banque de France

 

Christopher Calabia

Senior Advisor for Supervisory & Regulatory Policy
Bill & Melinda Gates Foundation

John Cusack

Chair
Global Coalition to Fight Financial Crime (FCC) ‌

Shana Krishnan

Policy Analyst
Financial Action Task Force (FATF) ‌

 

Related content

Guidance on Risk-Based Supervision

3 Mar 2021

This Guidance on risk-based supervision will help supervisors address the full spectrum of risks and focus resources where the risks are highest. The risk-based approach will make supervisors' efforts to detect and prevent the financial flows that fuel crime and terrorism more effective.
Read more
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