Regulatory Alerts2026-02-11
Circular 129-1 on Preventive Measures Financial Institutions Must Take to Combat Money Laundering, Terrorism Financing, and Proliferation Financing
Issued by the Central Bank of Haiti (BRH), Circular 129-1 mandates comprehensive preventive measures for financial institutions to combat money laundering, terrorism financing, and proliferation financing. It requires the establishment of board-approved prevention programs featuring written policies, centralized client data systems, dedicated compliance officers, continuous risk assessments, and independent internal audits. The directive further enforces strict client due diligence protocols, standardized suspicious transaction reporting to the UCREF, and risk-based monitoring across all branches, subsidiaries, and correspondent banking relationships.
Share