The NCC has issued the long-awaited 2023 National Risk Assessment (NRA).
This assessment is a more detailed analysis and now delves into proliferation financing and targeted financial sanctions. The sectorial residual risks were reduced for most sectors, denoting a lower overall national risk exposure to ML/FT.
Of particular note, the remote gaming residual risk was reduced to medium (from high). Similarly, the banking and investment sector residual risks were reduced to medium from medium-high.
The NRA can be accessed here.
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Alan Craig Advisory Partner Birkirkara
