Regulatory Alerts2024-06-05
Instruction No. 8/2024
The Bank of Portugal issued Instruction No. 8/2024 to define the annual information reporting requirements, models, and submission terms for supervised financial entities regarding anti-money laundering and counter-terrorist financing. This regulation revokes Instructions No. 5/2019 and No. 6/2020, establishing updated standards for internal control and financial information reporting. It applies to a wide range of supervised entities including credit institutions, payment institutions, and financial companies.
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