Suriname

Art. 28 requires service providers to register with FIU Suriname within three months of starting business, naming a compliance officer. The 2024 amendment lists the documents needed, including the compliance officer's identity document and a recent Chamber of Commerce extract, and adds a duty to notify changes to registered information.

Art. 2(1) of the WMTF Act requires service providers to run a risk-based programme covering risk management, internal controls, due diligence, record keeping and reporting. Art. 5 requires an independent and effective compliance function; the 2024 amendment (S.B. 2024 no. 99) adds one or more compliance officers who pass suitability and reliability tests. Art. 28 requires the compliance officer to be named when registering with FIU Suriname.

Art. 7 requires identification and verification of the client and the beneficial owner, an understanding of the purpose of the relationship, and ongoing monitoring. Art. 8 allows verification to be completed after first contact only where interruption would be disruptive and the risk is low. Art. 9 bars a relationship or transaction without completed due diligence and requires the relationship to be ended and a report made if Art. 7 can no longer be met. The 2024 amendment sets due diligence for occasional transactions from USD/EUR 15,000 and for foreign electronic transfers from USD/EUR 1,000 (Art. 7).

Art. 29(1) requires service providers to report executed or intended unusual transactions to FIU Suriname without delay, in writing or digitally; the 2024 amendment ties the duty to the moment the unusual nature becomes known. Indicators are set by State Decree (Art. 29(2)). Art. 9 requires a report when due diligence can no longer be met.