GRA · Financial Crime and Fraud Risk

Spatial financeWhere capital meets hazard, exposure and transition

Resilience and finance readiness

Financial crime readiness asks whether a programme, a payment flow or a digital service has the controls a regulated institution would expect before it relies on it: customer due diligence, sanctions screening, payment transparency and fraud prevention. Financial Crime and Fraud Risk, a the Global Risks Alliance (GRA) platform, frames those questions and the public evidence behind them; compliance decisions stay with institutions and authorities.

01Workspace

The workspace for resilience and finance readiness.

Programme board

Bank B monitoring · Resilience and finance · Cycle 4 of 4 · Example interface, not a record

  • Workstreams active
    5Active
  • Milestones due this quarter
    7Watch
  • Decisions pending with owners
    1Watch
  • Open risks
    6
Quarter review dueGRA · Financial Crime and Fraud Risk

Workstreams

by stage

Scoping02
Customer risk model refreshWS-312 · owner: Investigations team
Fraud and AML convergenceWS-232 · owner: Investigations team
In delivery02
Network analytics pilotMilestone M2 · slipping
FIU feedback loopMilestone M4 · on plan
Review01
Trade-based laundering typologiesIndependent reviewer named
Closed01
Scenario tuningClosure note on record

Gates

  1. Requestowner named
  2. Scoping noteboundary
  3. Qualifiedinputs
  4. BuildFoundry
  5. Testcontrolled
  6. Publishwith limits
  7. Decisionauthority
Programme board.Illustrative interface; not live data.

Financial Crime and Fraud Risk · Programme board. Programme board: example names and illustrative values, not a record.

02Readiness

Readiness is not approval.

A readiness file describes a programme's evidence, risks and governance so that an institution can carry out its own review. GRA does not approve, rate, underwrite, lend or invest, and it recommends no counterparty.

03FATF lens

What a mutual evaluation looks at.

ComponentContent
Technical complianceWhether laws and regulations meet each of the 40 Recommendations
EffectivenessEleven immediate outcomes, from risk understanding to confiscation
Risk-based approachNational and institutional risk assessments driving controls
Revised Recommendation 16Assessed through a methodology annex published after the October 2025 plenary; implementation by end-2030
04Process

How the process runs.

Process explorer · Process

Resilience and finance readiness: IHR event detection and notification

9 steps5 stages1 gate

Process

Resilience and finance readiness: IHR event detection and notification

Under the IHR (2005), a State Party assesses events with the Annex 2 instrument and notifies WHO through its National IHR Focal Point.

  1. 01 Surveillance

    1. 01Indicator-based surveillanceSource · State PartyRoutine reporting, such as case reports, is one signal source. Article 5 requires capacity to detect, assess, notify and report events.
    2. 02Event-based surveillanceSource · State Party · WHOUnstructured signals, such as media or community reports, are another source. WHO may use such reports and then seeks verification.
  2. 02 Event handling

    1. 03TriageStepSignals are screened for relevance and duplicates before follow-up. The Regulations prescribe no triage method; this is general practice.
    2. 04Verify with the sourceStep · State PartyWhen WHO requests verification, the State Party replies within 24 hours with an acknowledgement and the public health information available.
  3. 03 Assessment

    1. 05Rapid risk assessmentModelA rapid assessment of hazard, exposure and context can support the response. It is separate from Annex 2 and not in the text read.
    2. 06Annex 2 decision instrumentGate · State PartyThe State Party assesses each event with the Annex 2 algorithm, on impact, novelty, international spread and restrictions.
  4. 04 IHR focal point

    1. 07Notify WHODecision · State Party, through its National IHR Focal PointThe State Party notifies WHO within 24 hours of assessment, through its Focal Point, of events that may be a PHEIC under the instrument.
  5. 05 Response

    1. 08Public health responseStep · MLROArticle 13 requires each State Party to build capacity to respond promptly and effectively to public health risks and emergencies.
    2. 09After-action reviewStepThe IHR monitoring and evaluation framework includes voluntary after action reviews, next to the Joint External Evaluation (JEE).

Neutral outline of a published external standard or method, from its issuing body. Not a record of operation. Nexus does not perform, certify or approve any step shown. A gate or decision belongs to the party the source names. Annex 2 is applied by the State Party, not by Nexus. The text read is the third edition (2016).

05Crisis typologies

Why disasters change the risk picture.

Emergency payments, relaxed onboarding for affected customers, reconstruction procurement and claims surges each create fraud and laundering openings. Readiness work describes these typologies at sector level so controls can be planned before an event. Topic depth at payments fraud; crisis information at the Global Risks Forum (GRF) crisis information.

06Release

Who sees a readiness file.

A file is released only at the programme owner's written direction, to a party the owner chooses, with no fee tied to any transaction.

07Sources

Where this page's references lead.

The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.

08Pages

Pages in Resilience and finance readiness.

09Questions

Questions and answers.

Does a readiness file mean finance is available?
No. It supports an independent review by the competent institution, which decides under its own rules.
Financial Crime and Fraud Risk

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