What is RBA?
What is RBA?
RBA stands for Risk-Based Approach.
Then what’s that referring to?
A RBA to AML/CFT means that countries, competent authorities and financial institutions, are expected to identify, assess and understand the ML/TF risks to which they are exposed and take AML/CFT measures commensurate to those risks in order to mitigate them effectively.
When assessing ML/TF […]