Regulatory Alerts2017-03-15
Model for Declaration of Suspicious Operation or Transaction
Issued by the Financial Information Processing Unit (CTAF), this standardized form requires designated financial institutions and non-financial professions to submit a Suspicion Declaration (DS) for operations potentially linked to illicit funds or terrorism financing under Organic Law No. 2015-26. It mandates precise identification of clients, beneficial owners, and related parties alongside detailed financial account data, transaction specifics, and supporting documentary evidence. The form further standardizes the analytical framework for money laundering and terrorism financing indicators, ensuring consistent regulatory reporting through structured KYC documentation and dual authorization signatures.
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