Regulatory Alerts2023-10-16
AML-CFT General Guidelines 4230/2023-00076 [614] for Regulated Institutions
The Central Bank issues these AML-CFT General Guidelines to establish a comprehensive compliance framework for regulated institutions, mandating a risk-based approach to money laundering, terrorist financing, and proliferation financing. Regulated entities must implement structured governance, designated compliance officers, and standardized customer identification procedures while maintaining continuous transaction monitoring and accurate record retention. The framework further requires regular regulatory reporting, active screening against national and UN security lists, and periodic independent audits to ensure ongoing adherence and effective risk mitigation.
Share