Regulatory Alerts2017-01-01
Bank of Zambia Anti-Money Laundering and Combating the Financing of Terrorism or Proliferation Directives, 2017
The Bank of Zambia has issued the 2017 Anti-Money Laundering and Combating the Financing of Terrorism or Proliferation Directives to mandate compliance across all financial service providers and payment system businesses. These directives establish comprehensive regulatory requirements for risk assessment, customer due diligence, and reporting obligations to mitigate financial crime. The updated framework takes effect on June 30, 2017, requiring regulated entities to align their operational procedures with the newly prescribed standards.
[Logo: Bank of Zambia]
Bank of Zambia OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/nbfis/bp
June 26, 2017
CB Circular Number : 04/2017
To : All Heads of Financial Service Providers and Payment System Businesses
THE BANK OF ZAMBIA ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM OR PROLIFERATION DIRECTIVES, 2017
Please find attached, for your implementation, the Bank of Zambia Anti-Money Laundering Directives, 2017 which shall become effective on June 30, 2017.
[Signature]
Bwalya K. E. Ng’andu (Dr) DEPUTY GOVERNOR – OPERATIONS
Cc Governor Deputy Governor – Administration Director – Bank Supervision Director – Banking, Currency and Payment Systems Director – Non-Bank Financial institutions Supervision
Bank Square, Cairo Road P .O. Box 30080, Lusaka, Zambia Tel: 260-211-226844, 228888 Fax:260-211-237070 E-mail:dgo@boz.zm.Web: http://www.boz.zm