Regulatory Alerts2026-01-23
Council for the Financial Market Regulation on Practical Measures for Combating Money Laundering, Countering Terrorism Financing and Proliferation of Weapons
The Council for the Financial Market has issued a regulation establishing practical, risk-based measures for stockbrokers, portfolio management companies, and crowdfunding service providers to combat money laundering, terrorism financing, and weapons proliferation. The regulation mandates comprehensive customer due diligence, including strict identity verification for regular and occasional clients, enhanced monitoring of politically exposed persons, and mandatory screening against national and international sanctions lists. Establishments are required to maintain internal risk mappings, freeze assets of designated entities without prior notification, and designate qualified contact points to ensure continuous compliance with targeted financial sanctions.