Bank of Lithuania
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2021-03-24

Overview of business-wide assessments of money laundering and terrorist financing risks performed by financial market participants

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The Overview provides key insights into business-wide assessments of money laundering and terrorist financing risks performed by financial market participants. The Overview is based on conclusions obtained by the Bank of Lithuania from the supervision of financial market participants and on an analysis of risk assessments of 20 financial market participants (banks, electronic money institutions and payment institutions) and contains examples of good practice identified during the analysis and cases where risk assessments need to be improved.

business-wide risk assessment, money laundering and terrorist financing risk, prevention of money laundering and terrorist financing, risk assessment procedure, risk management (mitigation) measures, risk management (mitigation) action plan