Regulatory Alerts2017-08-24 | 29510Revised Guideline on AML/CTF for Banking and Insurance Sectors
The financial regulatory authority issued a revised guideline updating anti-money laundering and counter-terrorist financing requirements for banking and insurance institutions. The updated framework mandates enhanced compliance procedures, risk-based assessments, and reporting obligations to mitigate financial crime risks. Effective November 1, 2011, the revised standards apply to all licensed entities operating within the specified sectors.
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