2023 National Risk Assessment (NRA)

The NCC has issued the long-awaited 2023 National Risk Assessment (NRA).

This assessment is a more detailed analysis and now delves into proliferation financing and targeted financial sanctions. The sectorial residual risks were reduced for most sectors, denoting a lower overall national risk exposure to ML/FT.

Of particular note, the remote gaming residual risk was reduced to medium (from high). Similarly, the banking and investment sector residual risks were reduced to medium from medium-high.

The NRA can be accessed here

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