Page 26 - Annual Report 2022 EN

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Thematic reviews

The AML/CFT team carried out 3 thematic review projects in 2022:

1. Q25 Annual AML/CFT Return;

2. Q26 NAMLC Data Collection Form; and

3. Annual MLRO Report.

These reviews assessed the quality of returns, updated the
AML/CFT risk ratings, identified compliance reporting issues

by the Money Laundering Reporting Officer (MLRO), and

formulated action plans to address the aforementioned.

2022 highlights

The AML/CFT team issued new AML/CFT guidance on AML/CFT

self-assessment for firms and an AML/CTF Manual Gap Analysis tool.

The team developed its DNFBP coordination and engagement with State

Regulators and conducted joint supervisory working group meetings

with the Ministry of Commerce and Industry (MOCI) and the Ministry
of Justice (MOJ) to implement the agreed joint supervisory strategy.

Two joint RAVs with MOCI were undertaken, in addition to two training

sessions for DNFBP supervisors.