Regulatory Alerts2023-08-25
Added · Updated
Circular Letter No. CC/2023/00000033
The document requires credit institutions, financial companies, payment institutions, and electronic money institutions to apply enhanced identification and due diligence measures, as well as countermeasures, for business relationships and transactions involving North Korea and Iran. It mandates that institutions continue to apply enhanced measures for Myanmar and adopt risk-proportionate enhanced measures for jurisdictions under increased monitoring or listed as high-risk third countries. The circular also notes the suspension of Russia's FATF membership status and provides comparative data on jurisdictional listings from the June 2023 plenary meeting.