FIAU Guidance Document on the Risk Evaluation Questionnaire

The International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation (also known as the FATF Recommendations), strongly emphasize the importance of adopting a risk-based approach in combating money laundering and terrorist financing.

On the 4th of January 2019, the Financial Intelligence Analysis Unit (FIAU) has issued a guidance document for subject persons on the completion of the Anti-Money Laundering and Countering the Financing of Terrorism Risk Evaluation Questionnaire (REQ) which replaces the Annual Compliance Report (ACR).

The guidance document provides general and background information on the REQ as well as the questionnaires that will need to be completed by subject persons. The objective behind the AML/CFT Risk Evaluation Questionnaire (REQ) is to allow FIAU to obtain standardised information from persons and entities subject to the Prevention of Money Laundering and Funding of Terrorism Regulations.

The document, which may be downloaded by clicking here, is also available in the news section on the FIAU’s website.

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