Terrorist Financing Risk Assessment Tool : Guidance Manual
The objective of this Terrorist Financing Risk Assessment Tool is to support World Bank Group (WBG) client countries in the assessment and understanding of their terrorist financing (TF) risks per Financial Action Task Force (FATF) Recommendation....
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC : World Bank
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099840007122212707/P1723550fb43350850964d0e00cccb6e8a0 http://hdl.handle.net/10986/37705 |
| Summary: | The objective of this Terrorist
Financing Risk Assessment Tool is to support World Bank
Group (WBG) client countries in the assessment and
understanding of their terrorist financing (TF) risks per
Financial Action Task Force (FATF) Recommendation. The
outputs of this risk assessment are expected to guide user
countries in applying a risk-based approach to the design
and implementation of their regimes for countering the
financing of terrorism (CFT) and improve the effectiveness
of their CFT measures at national and sectoral levels. The
WBG developed a national money laundering (ML) and TF risk
assessment tool in 2012–2015 and has been assisting WBG
client countries in using the tool for assessing their ML/TF
risks. This tool included a module for the assessment of TF
risks. Since then, TF risks and typologies have changed, and
the FATF’s attention on TF has increased. In 2019, the FATF
issued Terrorist Financing Risk Assessment Guidance,
following on from its earlier guidance on national risk
assessments. This new TF Risk Assessment Tool intends to
incorporate these developments and the lessons learned from
the implementation of the previous TF module in a wide range
of countries. |
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