Regulatory Alerts2010-10-23 | 29776Circular Letter – Proposed Legislative Amendments re: Proceeds of Crime Act, Chap. 11:27 and Financial Obligations Regulations, 2010
The regulator issued this circular letter proposing legislative amendments to the Proceeds of Crime Act, Chap. 11:27 and Financial Obligations Regulations, 2010. The proposed changes update statutory compliance frameworks for anti-money laundering, counter-financing of terrorism, and countering proliferation financing. Reporting entities must align their internal policies, risk assessments, and reporting procedures with the revised legal standards upon implementation.
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