On 28 October, the EU advised that the Commission has adopted the Supranational Risk Assessment (SNRA) Report, a tool to help Member States identify and address money laundering and terrorist financing risks. The report shows that while most recommendations of the previous assessments (the last such report dates from 2019) have already been implemented, it underlines the fact that weaknesses in identifying beneficial ownership continue to remain a considerable threat to the financial system, as anonymity remains a critical vulnerability for all sectors and activities. The report also re-calculates the risk levels of certain areas where changes have been detected since 2019, e.g. crypto-assets and online gambling, where risks are now higher.
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