Regulatory Alerts2019-11-18 | 29611Circular Letter – AML/CFT/CPF Self-Assessment Questionnaire
The financial regulatory authority has issued a circular letter requiring supervised entities across the banking, insurance, fintech, and bureau de change sectors to complete a standardized self-assessment questionnaire for Anti-Money Laundering, Counter-Financing of Terrorism, and Combating Proliferation Financing (AML/CFT/CPF) compliance. The questionnaire establishes a structured evaluation framework for internal controls, risk management protocols, and reporting mechanisms against current regulatory benchmarks. Timely completion enables regulators to systematically identify compliance gaps, streamline supervisory reviews, and ensure consistent enforcement of AML/CFT/CPF obligations across all licensed financial institutions.
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