Regulatory Alerts2026-02-06
Financial Transactions Reporting (Amendment) Regulations 2022
Attorney-General A. Sayed-Khaiyum issued the Financial Transactions Reporting (Amendment) Regulations 2022 to amend the Principal Regulations under the Financial Transactions Reporting Act 2004. The regulations establish distinct reporting requirements by mandating Form 1A for threshold transactions and Form 2 for cash transactions of $5,000 or above depending on the financial institution's business activity. These changes, effective 1 November 2022, also update related provisions in regulations 2 and 28 and revise the forms listed in Schedule 1.
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