Regulatory Alerts2023-12-07
Added · Updated
Circular Letter No. CC/2023/00000044
The document requires credit institutions, financial companies, payment institutions, and electronic money institutions to maintain countermeasures against North Korea and Iran, apply enhanced identification and due diligence measures to Myanmar, and adopt risk-proportionate enhanced measures for jurisdictions under increased monitoring. It updates the list of high-risk jurisdictions subject to a call for action and those under increased monitoring following the FATF's October 2023 plenary meeting, noting the inclusion of Bulgaria and the removal of Albania, the Cayman Islands, Jordan, and Panama from the monitoring list.