Importance The article reviews how risks of money laundering and terrorist financing influence the risk of non-credit financial institutions' involvement into money laundering. Objectives The research determines how money laundering risks relate and the way they influence the financial and business position of primary financial monitoring entities. Methods I use methods of analysis and synthesis concerning some aspects of the research, their classification, thus pointing out the specifics of non-credit financial institutions' involvement into money laundering processes. Results I identified the cause-and-effect relation of money laundering risks. Mala fide clients or shareholders of the financial institution may be involved, but the financial institution is not run accordingly, but rather for abusive and illegal purposes. There are three groups of risk of the non-credit financial institution's involvement into dubious operations. Each group includes probable risks that may arise from the non-credit financial institution's involvement into such operations. Conclusions and Relevance The article indicates the specifics of risks applicable to non-credit financial organizations, which complicate setting up effective mechanisms for prevention of involvement into money laundering and the financing of terrorism. I suggest using an individual approach to assessing risks of each institution, considering the specifics of professional activities.
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