Regulatory Alerts2023-12-07
Circular Letter No. CC/2023/00000044
The Bank of Portugal issued Circular Letter No. CC/2023/00000044 to inform supervised entities about the adoption of proportional countermeasures against the very high risks of money laundering and terrorist financing posed by North Korea and Iran. The document also highlights the continued suspension of Russia's membership status within the Financial Action Task Force. This directive applies to credit institutions, electronic money institutions, payment institutions, and financial companies to ensure compliance with international anti-money laundering standards.
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