71. While most supervisory resources should be dedicated to the higher ML/TF risk areas, supervisory' strategies should also set out the supervisory approach for areas of lower ML/TF risk. Within a risk-based supervision framework, it is expected that there will be areas and segments of regulated entities that are assessed to be of lower ML/TF risk. As set out above in this Guidance, the sound assessment of risks at a sectoral or sub-sectoral level does not necessarily require an assessment of each entity in the sector (see section 2.1.1). Risk analysis can be undertaken with varying degrees of detail, depending on the type of risk and the purpose of the risk assessment, as well as based on the information, data and resources available [See FATF Financial Inclusion Guidance that sets out further detail on risk assessment for the application of simplified due diligence and justified exemptions.] (for example, keeping in mind the nature, scale and complexity of the relevant entities/sectors).