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Guidance on the Risk-Based Approach to Combating Money Laundering and Terrorist Financing: High Level Principles and Procedures

May 31, 2007 | Financial Action Task Force (FATF) | Financial Action Task Force (FATF)
The purpose of this Guidance paper is to support the development of a common understanding of what the risk-based approach involves; outline the high-level principles involved in applying the risk-based approach; and indicate good public and private sector practice in the design and implementation of an effective risk-based approach.