BIS recent survey examines AML/CFT risk-assessment approaches across 19 jurisdictions, highlighting different methodologies that can strengthen risk-based supervision and supervisory judgement

The survey found a range of approaches to AML/CFT risk assessment, with lessons for strengthening supervisory judgement and risk-based oversight.
The Committee noted that AI’s growing financial footprint and interconnected financing could create new vulnerabilities. It highlighted potential exposure to cyberattacks and correlated dependencies as AI becomes embedded in critical financial functions. Further details on the AML/CFT work are expected…