2017

The "2017 Financial Institutions and Designated Non-Financial Businesses and Professions Sectors Review of Risk" builds on the National Risk Assessment from 2015. This report assesses the risk in both primary threats and high risk sectors and secondary threats low risk sectors. These two reports are bought together in an overarching report that highlights the positive work the Cook Islands has done since the publication of the National Risk Assessment 2015.

This report is an important document in evidencing that the Cook Islands identifies, assesses and understands its money laundering and terrorist financing risks. It evidences the involvement of all competent authorities and the role of the NACC in this process. Understanding the risks will enable all authorities, reporting institutions and DNFBPs in the prioritisation of AML/CFT risk policies and activities in a coordinated way. This will result in the mitigation of the ML/TF risk within the Cook Islands.

The "2017 Financial Institutions and Designated Non-Financial Businesses and Professions Sectors Review of Risk" is available here.

2015

The Cook Islands National Money-Laundering and Terrorism Financing Risk Assessment 2015 report is the first by the Cook Islands Financial Intelligence Unit and key agencies of the Coordinating Committee on Money Laundering and Terrorist Financing (AML/CFT Committee) in consultation with the private sector. It represents the progress undertaken by the Cook Islands since the 2008 Money-Laundering Risk Analysis (Assessment), and its continued compliance with the Financial Action Task Force (FATF) Recommendations and the relevant Cook Islands Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) legislation.

The full report can be found here.

2008

In September 2008, the FIU engaged Mr John Walker to assist the Cook Islands in undertaking a national risk assessment using the World Bank model. Mr Walker was an Associate Professor at Wollongong University in Australia who had undertaken a similar study for Australia in 1995 and was subsequently with the International Monetary Fund.

The full report can be found here.