RegAlert2021-04-21
Added · Updated
Circular Letter No. CC/2021/00000015
The document mandates that supervised entities, including credit institutions, payment institutions, electronic money institutions, financial societies, and virtual asset service providers, must subscribe to three new BPnet services: "Inspections," "Risk Assessment and Supervisory Measures," and "Inquiries and Responses to Specific Information Requests." Compliance officers and central contact points are required to be the designated users of these services, with all communications regarding anti-money laundering and counter-terrorist financing activities conducted exclusively through these channels starting June 1, 2021. Entities must ensure user details remain current and identical across all services, adhering to specific file naming conventions and subject line protocols, under penalty of violating the duty of collaboration.
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Circular Letter No. CC/2021/00000015
Sent to:
Credit Institutions; Electronic Money Institutions; Payment Institutions and Financial Societies.
Mod. 99999924/T – 01/14
Subject: Use of BPnet in electronic communications and file submission, within the scope of activities related to the prevention of money laundering and terrorist financing
With a view to promoting the speed, effectiveness, and security of communications with supervised entities in the context of activities related to the prevention of money laundering and terrorist financing, three services have been created in the BPnet system for correspondence and file submission with the Preventive Supervision Area for Money Laundering and Terrorist Financing ("ASB").
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Lineage: In force
Source: Banco de Portugal — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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