GIABA launches Guinea’s second national assessment of money laundering, terrorist financing and proliferation-financing risks

GIABA and Guinea’s Financial Intelligence Unit, CENTIF, convened government agencies, law enforcement, supervisors, regulators and private-sector representatives to begin updating the country’s understanding of ML/TF/PF threats. The exercise uses the World Bank’s National Risk Assessment methodology and incorporates revisions to FATF Recommendations including those covering risk-based controls, virtual assets and beneficial ownership; it is expected to produce a new national roadmap and work programme.