At the recent FATF Virtual Roundtable on New Technologies for AML/CFT, FTS advocated for the adoption of a standard under core issue 3.2 on AML/CFT Risk Modelling. We emphasized the importance of key elements for a scalable solution that can be widely adopted.

Standardized risk modelling is crucial for enhancing the efficiency and effectiveness of AML/CFT efforts. By promoting a unified approach, we aim to simplify compliance processes and improve risk assessment capabilities across the board.