Regulatory Alerts2026-05-20
GFSC AML/CFT/CPF Guidance Notes: Business Risk Assessment
The Gibraltar Financial Services Commission mandates that regulated entities identify and assess money laundering, terrorist financing, and proliferation financing risks inherent to their operations. These assessments must be documented, proportionate, and continuously updated to reflect changes in business models, client bases, and the latest National Risk Assessment. Entities are required to apply risk-based controls to mitigate identified threats and must maintain a clear understanding of their risk appetite to ensure compliance with the Proceeds of Crime Act.
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