Seychelles conducted its first National Risk Assessment (“NRA”) in 2016 using the World Bank’s National Money Laundering and Terrorist Financing Risk Assessment Tool. Six (6) working groups were established comprising of stakeholders from both the public and private sector.

The NRA is a comprehensive exercise which assist countries to identify its money laundering and terrorist financing risks, and to assess and understand its ML/TF threats and vulnerabilities in order to apply the appropriate AML/CFT measures which corresponds to those risks.

The results of the NRA process is critical for the development of the country’s National AML/CFT Strategy which is driven by the risks identified to allow for an effective allocation of the country’s resources in order to mitigate the identified ML/TF risks to the country.