Regulatory Alerts2023-08-25
Circular Letter No. CC/2023/00000033
The Bank of Portugal issued Circular Letter No. CC/2023/00000033 to inform supervised entities about the adoption of proportional countermeasures against the high risk of money laundering and terrorist financing associated with North Korea and Iran. The document also highlights the continued suspension of Russia's membership status within the Financial Action Task Force (FATF). These measures apply to credit institutions, electronic money institutions, payment institutions, and financial companies in response to FATF plenary meeting decisions from June 2023.
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