To complement this initiative and to enhance its internal AML/CFT supervisory framework, the Bank has established a dedicated AML/CFT team within the Supervision Department. The Bank’s AML/CFT risk-based framework is based on a comprehensive set of quantitative AML/CFT returns submitted by financial institutions on a quarterly basis. The data inform the risk-based model in identifying the risk profile of financial institutions.
3  The results of the risk-based supervision model determine the frequency and depth of supervisory monitoring. The surveillance is proportionate to the risk profile of financial institutions.