Main points
- Professional enablers from non-financial sectors play a key role in facilitating global illicit financial flows, laundering proceeds from corruption, tax evasion and organized crime.
- A services or activities-based approach allows for better intelligence collection and more efficient supervision.
- It is possible to identify high-risk jurisdictions for specific services by analyzing where they are more frequently offered and where measures to mitigate these risks are more fragile.
- A number of activities and services provided by professional enablers are considered high-risk, including company formation, tax advisory, real estate transactions and trade of high-value goods, precious metals, and stones.