Recital 14

(14) Member States remain best placed to identify, assess, understand and decide how to mitigate risks of money laundering and terrorist financing affecting them directly. Therefore, each Member State should take the appropriate steps to properly identify, assess and understand its money laundering and terrorist financing risks, as well as risks of non-implementation and evasion of targeted financial sanctions and to define a coherent national strategy to put in place actions to mitigate those risks. Such national risk assessment should include a description of the institutional structure and procedures of the Member State’s AML/CFT regime, as well as the allocated human and financial resources to the extent that this information is available. In order to maintain an ongoing understanding of risks, Member States should regularly update their national risk assessment, and should also be able to supplement it with targeted updates and assessments of risks associated with specific sectors, products or services.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.