GIBRALTAR: AML/CFT NATIONAL RISK ASSESSMENT

On 3 August, Gibraltar published its NRA, saying that this is the third iteration of the process and in the 2020 version has encapsulated proliferation financing as a separate topic and included the previously confidential assessment of terrorism financing risk for the jurisdiction and non-profit organisation sectors as an integral part of the published NRA report. The terrorism financing risk for each product or service is also fully integrated into the evaluation of the threats and vulnerabilities.  The executive summary highlights the main risks which businesses and professions need to be aware of in the context of Gibraltar.  In summary tables, a marking system is used to indicate risk and vulnerability to arrive at a risk score for each business sector.

The full NRA is at –

https://gfiu.gov.gi/uploads/Ihhoj_2020_NRA_Final.pdf

and executive summary at –

https://gfiu.gov.gi/uploads/TqiZr_2020_National_Risk_Assessment_Executive_Summary_FI.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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