Regulatory Alerts2025-10-22
COSOB Guidelines No. 02-2025 of 22 October 2025 on Customer Due Diligence Measures (Version 0.2)
The Commission for the Organization and Supervision of Stock Exchange Operations (COSOB) issued these guidelines to mandate comprehensive customer due diligence and anti-money laundering controls for regulated entities. The document establishes strict requirements for identity verification, risk-based classification, continuous monitoring, and the reporting of suspicious transactions to financial intelligence units. It further prescribes enhanced measures for high-risk jurisdictions and complex legal structures, while defining record-keeping obligations and internal supervision systems to ensure regulatory compliance.
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