Gibraltar's anti-money laundering and countering the financing of terrorism (AML/CFT) National Coordinator has today published a consultation draft of Gibraltar's new AML/CFT National Risk Assessment (NRA).
The consultation period will last for four weeks as from today and the draft will be circulated to various business organisations including the Gibraltar Association of Compliance Officers (GACO), the Gibraltar Federation of Small Businesses (GFSB) and the Chamber of Commerce. In addition the OFT will be circulating the draft to all Real Estate Agents and High Value Dealers which it regulates form an AML/CFT perspective.
The consultation is an opportunity for all businesses to have a say regarding Gibraltar's perceived AML/CFT risk generally and in specific industries and to contribute to this document which must be considered by all of the OFT's regulated entities in meeting their AML/CFT obligations.
All comments should be submitted by Friday the 5 June. Any individual, firm or association that would like to submit comments on this draft should do so via email to email@example.com or via mail to PO Box 626.
Once the Draft has been finalised, it is also the intention to publish a more concise executive summary of the NRA to sit alongside the full NRA.