2016 PMO News

 

Conducting a National Risk Assessment (NRA) on money laundering and terrorist financing is a crucial piece in fulfilling Recommendation 1 of the Financial Action Task Force (FATF) Recommendations and the starting point for any mutual evaluation.

Speaking at the 'Opening Ceremony of Brunei Darussalam Money Laundering and Terrorism Financing National Risk Assessment Training Workshop'YESTERDAY, Dato Paduka Awang Haji Hamdan bin Haji Abu Bakar, Deputy Minister at the Prime Minister's Office and Director of Internal Security Department stated that the production of the assessment will allow the identification, assessment and understanding of the money laundering and terrorist financing and proliferation risks in the country.

The inaugural National Risk Assessment (NRA) is a year-long project involving a process of identifying and evaluating the money laundering and terrorism financing risks in Brunei Darussalam and analysing the main sources and drivers of the risks in order to develop effective and risk-based policies and actions. Additionally, the aim is to ensure compliance with Recommendation 1 of the Financial Action Task Force (FATF) Recommendations. The three-day workshop was jointly organised by the Financial Intelligence Unit, Autoriti Monetari Brunei Darussalam (AMBD) as the National Anti-Money Laundering and Combating the Financing of Terrorism Committee (NAMLC) Secretariat and the World Bank.