ABSTRACT
Risk assessment (hereafter RA) is the process of determining the likelihood that a specified event will occur and of preventing and/or reducing its negative consequences (Albanese, 2008; Albrecht ampentity Kilchling, 2002; Covello ampentity Merkhofer, 1993; Dawe, 2013; FATF, 2012). RA is an approach commonly used in both public and private sectors to support the decision-making process. It is applied in several fields pertaining to different industries, such as the environment, engineering, aerospace, military, medical products, social services and food. In the past decades RA has also been applied to crime issues, such as money laundering, terrorism and corruption, due to growing international pressure in combating these phenomena. Indeed, several international and European provisions have been issued to mandate countries to adopt legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats. Countries and businesses are obliged to implement these standards within their regulations.
