Regulatory Alerts2022-04-21
Circular Letter No. CC/2022/00000007
The Autoridade Bancária de Macau (AMCM) issues this circular to inform regulated entities of the adoption of proportional 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 highlights the implementation of these measures following the Financial Action Task Force (FATF) plenary meeting in March 2022. It also draws attention to the FATF Public Statement on the Situation in Ukraine published on March 4, 2022.
Skip to content
Documents
Summary
Inform, following the release of FATF communications (March 2022 plenary meeting), regarding the adoption of countermeasures proportional to the very high risk of money laundering and terrorist financing, with respect to the Democratic People's Republic of Korea (North Korea) and the Islamic Republic of Iran. Highlights the publication of the FATF PUBLIC STATEMENT ON THE SITUATION IN UKRAINE, dated March 4, 2022.
Status
Expired
Official Gazette
4/2022 2nd Supplement
Publication Date
21-04-2022
Issue Date
12-04-2022
Recipient Type
Credit Institutions, Electronic Money Institutions, Payment Institutions, Financial Companies
Descriptors
Money Laundering, Terrorist Financing, Banking Operations, Third Countries
Recipients
Exchange Agencies, Banks, Central Credit Agricultural Mutual Fund, Agricultural Credit Mutual Funds, Savings Banks, Development Financial Institution, Mortgage Credit Institutions, Electronic Money Institutions, Payment Institutions, Credit Financial Institutions, Other Financial Companies, Regional Development Companies, Factoring Companies, Mutual Guarantee Companies, Investment Companies, Financial Leasing Companies, Credit Financial Companies, Microcredit Financial Companies