The State Financial Monitoring Service of Ukraine (SFMS) has examined the international practice of conducting national risks assessments of money laundering and terrorist financing (NRA). Such activity has been performed in order to carry out the next (3rd) NRA in 2022. Following the results of the research with the assistance of the OSCE Project Coordinator in Ukraine the SFMS has prepared publication “International experience of conducting national risks assessments of money laundering and terrorist financing”.

The publication consists of best practices, deficiencies and proposals on conducting NRA. In particular, international guidances on conducting NRA have been examined; more than 80 reports on conducting NRA by other countries have been analyzed; additionally, the results have been considered and the perspectives of conducting NRA in Ukraine have been defined. 

The publication is developed for use in the work by the participants of the financial monitoring system and scientific experts as well as it would be useful for forming the recommendations on the improvement of conducting the NRA Methodology in Ukraine.

The Head of the SFMS Mr. Igor Cherkaskyi noted that the publication was a broad-scale analytical cut-off of the international experience in conducting NRAs and it would be the unique instrument for improving the quality of NRA conducting.

The publication can be downloaded at the link (Ukrainian).