Regulatory Alerts2025-10-22
COSOB Guidelines No. 04-2025 of October 22, 2025, on the Self-Assessment by Obliged Entities of Money Laundering, Terrorist Financing, and Proliferation Financing Risks (Version 0.2)
The Commission for the Organization and Surveillance of Stock Market Operations (COSOB) issued these guidelines to establish a methodological framework for obliged entities in the securities sector to conduct self-assessments of their money laundering, terrorist financing, and proliferation financing risks. The document mandates a comprehensive risk-based approach covering product, client, and geographic analysis, while requiring robust Know Your Customer (KYC) procedures, internal controls, and regular monitoring of financial transactions. It further stipulates strict documentation, reporting, and corrective action requirements to ensure ongoing regulatory compliance and institutional resilience.
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