Act 2023 status not recorded
Loi n° 23-01 du 7 février 2023 modifiant et complétant la loi n° 05-01 (Law 23-01 of 7 February 2023 amending and supplementing Law 05-01)
Issued by Cellule de Traitement du Renseignement Financier (Financial Intelligence Processing Unit)
Plain-English summary
Amends Law 05-01 to add proliferation financing and inserts Arts. 10 bis 1 to 10 bis 7 on internal control programmes, supervisory authorities' duties and ongoing monitoring with record keeping. Sets administrative sanctions (Art. 10 bis 9) and criminal fines for failing to identify beneficial owners or keep records (Art. 34 bis 1). Published in Journal officiel n° 08 of 8 February 2023.
Who it applies to
All industries
Topics
AML / CFT / Sanctions
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| AML record retention | Retention period At least 5 years | Commission bancaire (Banking Commission) | source | |
Art. 14 of Law 05-01 (as amended by Art. 6 of Law 23-01) requires customer due-diligence documents to be kept for at least five years after account closure, the end of the business relationship or the occasional transaction. Art. 10 bis 4 requires operation records to be kept at least five years after the operation ends. |
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| No obligations match these filters. | ||||
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