Project risks are sometimes treated as a subset of operational risks and are linked to the achievement of project outcomes. They relate to benefits not being achieved, perhaps because of delivery failure, key assumptions not being met, scope being poorly defined, delays in project completion, cost escalation, disruption from extraneous events etc.
Since August 2020, a Memorandum of Cooperation was concluded by all AML/CFT Supervisors overseeing the financial services sector and the designated non-financial businesses and professions (DNFBP) in Mauritius. This led to the creation of the Interagency Coordination Committee (ICC) chaired by myself. The ICC facilitates policy formulation, exchange of information and operational coordination to effectively combat ML/TF and proliferation.