Regulatory Alerts2020-01-08
FATF Guidance for a Risk-Based Approach for the Securities Sector
The Financial Action Task Force issued this October 2018 guidance to support the implementation of the risk-based approach for anti-money laundering and counter-terrorist financing within the securities sector. The document provides specific requirements for securities providers and intermediaries to identify, assess, and mitigate money laundering and terrorist financing risks through tailored customer due diligence and transaction monitoring. It further outlines supervisory expectations for competent authorities to effectively oversee these entities and foster a shared understanding of regulatory compliance between the public and private sectors.
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