The AML/CFT SUPERVISORS are FOCUSING on whether the reporting ENTITY has an appropriate and reasonable risk assessment, and an AML/CFT programme that reflects and controls those risks. The AML/CFT supervisors take a risk-based approach to supervision - selecting from the supervision and enforcement tools available to us. Supervision will take into account the NATURE of the business and the risks that each reporting entity is MANAGING. Read our Bulletin article or speech for more information on the Reserve Bank’s approach to AML/CFT supervision.

The AML/CFT supervisors are focusing on whether the reporting entity has an appropriate and reasonable risk assessment, and an AML/CFT programme that reflects and controls those risks. The AML/CFT supervisors take a risk-based approach to supervision - selecting from the supervision and enforcement tools available to us. Supervision will take into account the nature of the business and the risks that each reporting entity is managing. Read our Bulletin article or speech for more information on the Reserve Bank’s approach to AML/CFT supervision.