The Financial Action Task Force (FATF) has produced guidance which will assist countries in conducting risk assessments to identify, assess and understand its money laundering and terrorist financing risks.

Once these risks are understood, countries can then prioritise their resources in applying measures that correspond to the level of risk identified.

The guidance sets out general principles that should be taken into account by countries in making their risk assessments. The FATF notes that its guidance is also relevant to more focussed risk assessments such as assessments of a particular financial sector.

http://www.fatf-gafi.org/media/fatf/content/images/National_ML_TF_Risk_Assessment.pdf
http://www.fatf-gafi.org/documents/news/nationalmoneylaunderingandterroristfinancingriskassessment.html
http://www.fatf-gafi.org/media/fatf/documents/reports/Risk_Assessment_IMF.pdf
http://www.fatf-gafi.org/media/fatf/documents/reports/Risk_Assessment_World_Bank.pdf