Regulatory Alerts2025-01-01
Anti-Money Laundering and Countering the Financing of Terrorism Handbook
The Financial Services Authority issued this updated Anti-Money Laundering and Countering the Financing of Terrorism Handbook to provide regulatory guidance for licensed entities. The February 2025 revision introduces color-coded legislative references, clarifies Business and Customer Risk Assessment requirements, and adds specific guidance on Commercially Exposed Persons and ongoing monitoring. The document mandates strict adherence to risk-based approaches, customer due diligence, and suspicious activity reporting to ensure compliance with the Financial Services Act 2008 and related codes.
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