Regulatory Alerts2026-05-20
Gibraltar FSC AML/CFT/CPF Guidance Notes: Customer Due Diligence
The Gibraltar Financial Services Commission issues guidance requiring regulated entities to implement risk-based customer due diligence measures to identify customers and beneficial owners. The document mandates verification prior to establishing business relationships, with specific thresholds for occasional transactions and provisions for post-establishment verification in limited circumstances. It further details requirements for assessing natural and corporate customers, determining source of funds, and applying simplified or enhanced due diligence based on risk factors.
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