Honduras

Art. 9 requires obliged entities to designate a senior executive to oversee the compliance programme and liaise with the UIF. Art. 10 sets the programme's minimum contents: policies and procedures, a sanctions regime, a code of ethics, and internal and external audit. Art. 9 of the CNBS regulation has the board appoint the compliance officer, who reports to the Compliance Committee.

Art. 8 requires obliged entities to keep records of information and documentation for at least five years after the transaction or relationship ends, and records of transactions above the BCH-set threshold for at least five years after they conclude.

Art. 23 requires obliged entities to register cash, multiple cash and financial transactions at or above an amount set by the BCH. Art. 24 requires the records to be completed within five business days and the previous month's records to reach the UIF within the first ten days of each month.

Art. 7 requires identification and verification of the customer, identification of the beneficial owner and ongoing due diligence, applied on a risk basis (Art. 6) with simplified, normal or enhanced measures. Arts. 24-45 of the CNBS regulation detail the stages, beneficial owners and PEPs.

Art. 27 requires obliged entities to report suspicious operations to the UIF on the prescribed form, whether or not the transaction was carried out. The CNBS regulation read (Resolución SB 348/2016) sets no day count for filing.