26/10/2017 Resumo I9ABanco de Cabo Verde has participated in national initiatives related to money laundering and terrorist financing prevention. In this context, Banco de Cabo Verde participated in the first National money laundering and terrorist financing Risk Assessment (Portuguese acronym: ANR) exercise, which arises from the need for Cabo Verde to comply with Recommendation 1 of the Financial Action Task Force. Banco de Cabo Verde has participated in national initiatives related to money laundering and terrorist financing prevention. In this context, Banco de Cabo Verde participated in the first National money laundering and terrorist financing Risk Assessment (Portuguese acronym: ANR) exercise, which arises from the need for Cabo Verde to comply with Recommendation 1 of the Financial Action Task Force. The national money laundering and terrorist financing risk assessment (ANR) consists in identifying, assessing and understanding the money laundering and terrorist financing risks to which the country is subject. Based on this assessment, Cabo Verde shall apply a risk-based approach to ensure that the measures are proportionate to the identified risks, thus creating an efficient plan for allocating resources in the fight against money laundering and terrorist financing. Furthermore, the National Risk Assessment aims not only to bring Cabo Verde into full compliance with new international standards to fight money laundering and terrorist financing, but, above all, to provide it - and its authorities - with an essential tool to use the scarce resources available more effectively in preventive measures proportional to the nature of the risks, thereby optimizing its efforts. The exercise, in partnership with the World Bank, covered national public and private entities with a relevant role in preventing money laundering and terrorist financing. As supervisor of the financial system, Banco de Cabo Verde participated in two working groups, a group that analyzed the banking, insurance and securities market sectors simultaneously and another group that focused on the other financial institutions. Also, as a member of GIABA, Cabo Verde was the target of the second mutual evaluation, in the fourth quarter of 2017 (Q4 2017). This evaluation examined the country's technical compliance with the FATF's 40 Recommendations and their effective application in accordance with the eleven Immediate Results. The Cabo Verdean system for preventing and repressing money laundering and terrorist financing had been evaluated as part of GIABA in 2007. The main results of this evaluation can be found in the Mutual Evaluation report on the fight against money laundering and terrorist financing. In accordance with the procedures set forth by GIABA, Cabo Verde updated the information reported as part of the first mutual evaluation annually, through monitoring reports that identified the main developments that occurred during the reporting period. As of 2015, taking into account the progress made by the country, the monitoring report has been biannual. Partilhar