Post by ADGM

ADGM has published the 2025 DNFBP AML/TFS onsite assessment findings report.    The report highlights recurring themes and areas where DNFBPs may strengthen the design, implementation, and operational effectiveness of their AML/TFS frameworks.    Key findings include:    - Enhancing Business Risk Assessment frameworks, including a more comprehensive consideration of customer risk factors and ensuring regular review and updating of assessments. - Strengthening Customer Risk Assessment approaches through consistent methodologies and consideration of key risk indicators. - Reinforcing governance and oversight through clear documentation and the regular conduct of annual reviews assessing the effectiveness of AML/TFS policies, procedures, systems, and controls.    The RA expects all DNFBPs to carefully consider the observations in this report and to take proactive, risk-based measures to address any deficiencies within their firms.    Read the full report here: https://lnkd.in/dpG5XK3X   #ADGM #AML #CFT #DNFBPs #Compliance #FinancialCrime