Regulatory Alerts2021-04-21
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.