Regulatory Alerts2019-01-01
Decision No. 120 of 2019 on AML and CFT Supervisory Controls for Non-Banking Financial Entities
The Financial Regulatory Authority issued Decision No. 120 of 2019 to impose supervisory controls on non-banking financial entities for combating money laundering and terrorist financing. The directive requires these institutions to establish internal compliance procedures, conduct periodic risk assessments, and submit regular regulatory reports. It further defines the supervisory framework, inspection rights, and enforcement measures to ensure consistent sector-wide compliance.
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