The FMA supervises reporting entities (REs) in ten sectors under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act).
The purpose of our Sector Risk Assessment (SRA) is to identify and communicate the money laundering/terrorism financing (ML/TF) risks faced by our REs. Identifying the risks is the first step towards combatting ML/ TF. This step is integral to putting a risk-based approach in place and allocating compliance resources effectively.
This document replaces the AML/CFT Sector Risk Assessment 2017.