MLR3C4100 - Our risk based approach to supervision: Overall objectives of the risk based approach

The objectives of a risk-based approach are to prevent money laundering and terrorist funding activity occurring through a combination of:

• Deterrence by applying appropriate customer due diligence measures
• Detection as a result of monitoring transactions and reporting suspicious activity to NCA; and
• Record-keeping that will enable investigations into money laundering or terrorist financing to be carried out.