Regulatory AlertsNotice No. 1/2022
Bank of Portugal issued Notice No. 1/2022 to regulate the preventive duties regarding money laundering and terrorist financing for financial entities under its supervision. The notice establishes the conditions, procedures, and information obligations for these entities and sets measures for payment service providers to handle fund transfers with missing or incomplete originator or beneficiary information. It revokes and replaces Notice No. 2/2018 and Instruction No. 2/2021, entering into force on August 5, 2022.
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