Regulatory Alerts2025-12-05
Added · Updated
Circular Letter No. CC/2025/00000034
The document requires credit institutions, financial companies, payment institutions, electronic money institutions, and virtual asset entities to maintain countermeasures against North Korea and Iran, and to apply enhanced identification and due diligence measures to transactions involving North Korea, Iran, and Myanmar. It also mandates risk-proportionate enhanced measures for jurisdictions under increased monitoring and other high-risk third countries listed in Delegated Regulation (EU) 2016/1675. The circular updates these obligations based on the FATF's October 2025 plenary meeting outcomes, which identified new jurisdictions under monitoring and noted the exit of four jurisdictions from that list.