Money Laundering and Terrorism Financing
National Risk Assessment
The first National Risk
Assessment (NRA) Money Laundering and Terrorism Financing was disclosed in June
2015. Said assessment was drawn up by a Working Group established by
Ministerial Order 9125/2013 of 12 July by the Minister for State and Finance.
Said NRA aims to bring
Portugal in line with the new international standards for combating money
laundering and terrorism financing (particularly FATF recommendations) and to
provide its authorities with an essential tool to use effectively, the scarce available resources
and to be able to apply preventive measures proportional to the nature of the
risks, thereby optimizing its endeavors.
Relying on the broad
participation of the CMVM, other regulatory entities and other activity
sectors, the NRA identified the sectors that presented very high risk potential
and those with a lower risk level and taking into account the risks and
vulnerabilities, proposed a set of measures to be taken in order to adequately offset
or even eliminate any such risks.
See the summarized National Risk Assessment of Money Laundering andTerrorism Financing, approved in June 2015 which contains the main