Regulatory Alerts2019-03-29 | 29772Added · Updated
Circular Letter – Amendment to the Definition of Financial Institutions under the Proceeds of Crime Act
The regulator issued a circular letter amending the definition of financial institutions under the Proceeds of Crime Act. This update modifies the scope of entities subject to anti-money laundering and counter-terrorist financing obligations. The change ensures that the regulatory framework accurately captures current market participants and activities.
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