Regulatory Alerts2021-07-12 | Circular No.03Guidelines of Filing Currency Transaction Reports for Reporting Entities
The Financial Monitoring Unit mandates compliance with detailed new guidelines for filing Currency Transaction Reports to streamline processes and enhance data quality within the goAML system. Reporting entities are required to utilize the established goAML automated reporting platform, which has been operational for electronic CTR submissions since January 1, 2020. Strict adherence to these prescribed procedures is obligatory for all reporting entities under the provisions of the Anti-Money Laundering Act, 2010.
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