Regulation 2014
Anti-Money Laundering and Suppression of Terrorist Financing Code of Practice, 2014 (S.R.O. 10 of 2014)
Issued by Financial Services Unit
Plain-English summary
Made by the Minister of Finance on the recommendation of the FSU under s.60 of the Proceeds of Crime Act (Chap. 12:29) and gazetted on 1 May 2014. It applies to entities and professionals in relevant and listed non-financial businesses and sets out compliance officer duties (ss.18-20), customer due diligence (ss.21-25), politically exposed persons (s.24), wire transfer information (s.41) and record keeping (Part VI).
Who it applies to
Banking · NBFC / Non-bank Lending · Insurance · Payments & Fintech · DNFBPs (Lawyers, Accountants, Dealers)
Topics
AML / CFT / Sanctions
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