Regulatory Alerts2025-04-04
Added · Updated
Circular No. 129: Preventive Measures Against Money Laundering, Terrorism Financing, and Proliferation Financing
Circular No. 129 mandates financial institutions in Haiti to implement preventive programs against money laundering, terrorism financing, and proliferation financing. It requires the establishment of internal controls, risk assessments, compliance officers, and continuous training. Institutions must apply enhanced due diligence for transactions exceeding 1,320,000 HTG or involving electronic transfers, and must identify clients and beneficial owners for transactions of 132,000 HTG or more. Suspicious transactions must be reported to the Financial Intelligence Unit (UCREF).