Regulatory Alerts2025-04-16
Guidelines on the Risk-Based Approach for AML/CFT/FP to Financial Institutions
The Central Bank of Haiti issues these guidelines mandating financial institutions to implement a comprehensive risk-based approach for combating money laundering, terrorist financing, and proliferation financing. Institutions must systematically identify, assess, and classify inherent and residual risks across their clients, products, distribution channels, and geographic exposures, applying proportionate simplified or enhanced due diligence measures accordingly. The framework requires documented risk management policies, periodic reviews, board or risk committee validation, and continuous monitoring to ensure regulatory compliance and effective mitigation of identified threats.
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