Regulatory Alerts2024-02-08
Added · Updated
Effective Execution of Risk-based Approach for Customer Due Diligence
The regulator issued this circular on 08 February 2024 to mandate the effective execution of a risk-based approach for customer due diligence. The guidance applies to all authorized institutions and requires them to implement robust Anti-Money Laundering and Counter-Financing of Terrorism controls. This directive aligns with related measures on private banking and de-risking to ensure balanced and effective financial crime prevention.
CIR
Current
Issue Date:
08 Feb 2024
20240208-3-EN.pdf (143.5 KB)
Topic:
AML & CFT - AML/CFT Controls
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
07 Mar 2023
Balanced and effective AML/CFT measures in private banking
Annex: Smart tips for Private Banking
CIR
Current
08 Sep 2016
De-risking and Financial Inclusion
Directly related Document
CIR
Current
07 Mar 2023
Balanced and effective AML/CFT measures in private banking
Annex: Smart tips for Private Banking
CIR
Current
08 Sep 2016
De-risking and Financial Inclusion
Version History
Superseded Document
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