Regulatory Alerts2021-06-22 | Circular No.02Red Flags Indicators for DNFBPs regarding Targeted Financial Sanctions related to TF and PF
The Financial Monitoring Unit mandates that DNFBPs implement Targeted Financial Sanctions and report suspicious transactions under the Anti-Money Laundering Act of 2010. This circular provides specific red flag indicators to assist reporting entities in identifying potential breaches related to terrorism and proliferation financing. These indicators serve as a formal aid to ensure regulatory compliance and the accurate detection of prohibited financial activities.
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