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FATF: New National Risk Assessment Toolkit
- 22 September 2025
- Money Laundering
- South African Accounting Academy
Summary:
The Financial Action Task Force (FATF) has released a new National Risk Assessment (NRA) Toolkit, designed to help countries identify and manage their most serious money laundering threats.
Article:
The purpose of this toolkit is to help tackle money laundering risks.
This is a significant step forward in the global fight against financial crime, and one that has direct implications for accountants. Every year, criminal activities such as corruption, fraud, and drug trafficking generate trillions of dollars in illicit proceeds. When this money is laundered back into the financial system, it fuels further crime and undermines economies. For countries to respond effectively, they need to first understand where their greatest risks lie. That’s exactly what the new FATF NRA Toolkit aims to help with: supporting governments and professionals in developing a risk-based approach to anti-money laundering (AML).
The new toolkit is a practical resource to help both governments and professionals target the highest money laundering risks. Accountants can use it to add value through risk-based advisory services, protect clients, and remain compliant. The toolkit also helps position accountants as trusted experts in a fast-changing compliance environment.
- Annex A: Quick guides for assessing challenging areas of risk assessments
- Annex B: Cross-comparison of Money Laundering threats and categorisation of threats and vulnerabilities
- Annex C: Package of NRA Tools
Click here to download the 72-page document:
Relevance to Auditors, Independent Reviewers & Accountants:
- Auditors, Independent Reviewers and Accountants should be aware of the latest publications and guidance issued by regulators, such as the FATF.
- When advising trust clients (and other similar legal arrangements) or performing this function on their behalf, practitioners should be aware of the finer details and specific guidance on National Risk Assessment.
Relevance to Your clients:
- Relevant trusts and other similar legal arrangements should be aware of the latest publications and guidance issued by regulators, such as the FATF.