Regulatory Alerts2025-07-24
Circular Letter No. CC/2025/00000016
The Bank of Portugal issued Circular Letter No. CC/2025/00000016 to inform supervised entities about the adoption of proportionate countermeasures against the Democratic People's Republic of Korea and the Islamic Republic of Iran due to their high-risk status regarding money laundering and terrorist financing. The document further highlights the continued suspension of the Russian Federation's membership status in the Financial Action Task Force. This directive applies to credit institutions, payment institutions, and other financial entities to ensure compliance with international anti-money laundering standards.
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