Regulatory Alerts2020-11-11 | 29628AML/CFT Risk-Based Supervisory Framework
The financial regulator issued this circular letter to mandate a risk-based supervisory framework for anti-money laundering, counter-terrorist financing, and countering proliferation financing across fintech and payment entities. The directive requires supervised institutions to apply proportional oversight measures that align with their specific risk profiles and operational activities. Compliance obligations include implementing tailored supervisory procedures, conducting periodic risk assessments, and maintaining accurate regulatory reporting.
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