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 and footprint data, compliance data for anti-money laundering, countering the financing of terrorism and proliferation (AML/CFT/CPF), 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 AML/CFT/CPF risks present in industry.
We appreciate the work supervised persons continue to undertake to meet our requests.
Contact your supervisor with any queries about the data collection exercise.
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