Brazil and the National Risk Assessment

Recently, decree 10,270 was introduced in Brazil, a significant tool in the fight against corruption. Representatives from the Financial Activities Control Council (COAF), Ministry of Justice and Public Security (MJSP) and from the Central Bank of Brazil, structured the National Money Laundering Risk Assessment, Terrorism Financing, and Proliferation Financing Working Group Weapons and Mass Destruction.

This is one of the requirements to join the Financial Action Task Force (FATF), an intergovernmental organization founded in 1989, with the aim of developing and expanding national and international public policies, preventing and mitigating risks directed at money laundering and confiscation and financing. terrorism and proliferation financing. In other words, its focus is on the financial and other related sectors.

According to the Ministry of Justice and Public Security, a notable benefit of the Risk Assessment is to point out the sectors that expose the greatest imminent risks and which ones present lower risks, in order to contain them with the relevant method. In addition, the results of the evaluations are useful when disclosing relevant information to financial institutions and other sectors, encouraging them to use measures, compliance policies, and risk mitigation on their own.