Regulatory Alerts2024-11-29 | CD-SIBOIF-1479-1-NOV29-2024Resolution Amending Articles 1, 6, 11, 15, and 16 and Adding to Article 11 of the Standard for the Management of Prevention of Money, Goods, or Assets Laundering Risks and Terrorism Financing
The Superintendence of Banks and Other Financial Institutions of Nicaragua issued Resolution No. CD-SIBOIF-1479-1-NOV29-2024 to amend its Anti-Money Laundering and Counter-Terrorism Financing regulations. The resolution mandates that supervised entities adopt non-discriminatory client acceptance policies and implement enhanced due diligence measures for clients appearing on risk lists or linked to organized crime. These changes require institutions to report designated clients to the Financial Analysis Unit and assess the risks of maintaining international financial relationships with such parties.
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