governance
both the methodology for carrying out the Global Risk Assessment
and the results of the Global Risk Assessment
must be submitted to the Group Financial Crime Risk Committee for approval at least annually
In addition to approving the Global Risk Assessment
to
identify countries that have residual risk above the determined Group risk appetite
set priorities for additional control that may be requiored to remediate or further mitigate the risks identified
to facilitate this the Global Head of Strategy
Governance and Frameworks will propose an action plan to the GRCRC based on the results of the GRA