Date : 4/20/2021 2:01:10 PM
From : "IMMR"
To : "michalko@justice.gov.il"
Subject : AMLC - Money Service Business: 2021 Money Laundering and Terrorism Financing Sector Risk Assessment
Attachment : 176422_2021 MAR MSB RISK ASSESSMENT EXECUTIVE SUMMARY.pdf;





-------- Forwarded Message --------
Subject: AMLC - Money Service Business: 2021 Money Laundering and Terrorism Financing Sector Risk Assessment
Date: Mon, 19 Apr 2021 10:03:25 +0800
From: AMLC <amlc@egmont.org>
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Dear Colleagues:

On 26 March 2021, the Anti-Money Laundering Council (AMLC) approved the risk assessment study entitled “Money Service Business: 2021 Money Laundering and Terrorism Financing Sector Risk Assessment”. The risk assessment was undertaken by the AMLC Secretariat, with the assistance of the Australian Transaction Reports and Analysis Centre (AUSTRAC) and support of the Bangko Sentral ng Pilipinas (BSP).

In the recent studies conducted by the AMLC, the MSB sector has been identified as among the primary channels that facilitate or move funds from illegal activities. The estimated proceeds are likewise substantial that warrant further review of the money laundering and terrorism financing (ML/TF) risk involving the sector.

We are sharing the executive summary version of the AMLC’s MSB risk assessment pursuant to the EGMONT Charter and Principles for Information Exchange, or any existing Memorandum of Understanding. The executive summary contains the general findings, typologies, recommended actions and other basic elements of the risk assessment.


Thank you.


For the Executive Director:

Mr. Alvin L. Bermido
Deputy Director and Head,
Commitments and Policy Group
AMLC Secretariat