Annual collection
In 2018, we began collecting data from the businesses and individuals we supervise in order to support our approach to risk-based supervision.
The data includes organisational/footprint data, compliance data for anti-money laundering/countering the financing of proliferation and terrorism, and data about the supervised person's customers.
We have used the data:
- at a supervised person level to improve our understanding of the activities they undertake, populate our risk model, and inform our risk-based approach to supervision
- in aggregated form to provide data for National Risk Assessments (NRA) to understand sector activities, enable evidence-based conclusions, identify growth areas, and monitor jurisdictional exposure.
By continuing to collect this data we can update our risk model, apply our supervisory resources in an efficient, risk-based manner and use the aggregated data to further understand risks and also evidence growth. This is particularly important to help us build a track record of effective risk-based supervision and continually improve the understanding of money laundering and terrorist financing/proliferation risks present in the industry.
We appreciate the work supervised persons continue to undertake to meet our requests.
Contact your Supervisor or Supervision team with any queries about the data collection exercise.
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