!!!ATTENTION VEHICLE DEALERS!!!    Central Bank of Belize and FIU joint response to The Economist articles in Vol. 424, No. 9048 of July 8th - 14th 2017    FIU Advisory 0001-2017 – CFATF’s List of Jurisdictions with Strategic AMLCFT Deficiencies    Changes to the Consolidated United Nations Security Council Sanctions List

Risk Mitigation

Risk mitigation is about implementing controls to limit the potential money laundering and terrorist financing risks you have identified while conducting your risk assessment to stay within your risk tolerance level. As part of your compliance program, when your risk assessment determines that risk is high for money laundering or terrorist financing, you have to develop written risk-mitigation strategies (policies and procedures designed to mitigate high risks) and apply them for high risks situations.