Regulatory Alerts2018-09-05
Guide on Combating Money Laundering, Terrorism Financing and Proliferation of Weapons for Stockbrokers and Portfolio Management Companies Acting on Behalf of Third Parties
The Tunisian Financial Analysis Commission issued this guide to require stockbrokers and portfolio management companies acting on behalf of third parties to implement comprehensive anti-money laundering, terrorism financing, and proliferation financing measures. It mandates strict client identification, beneficial owner verification, record retention, and suspicious transaction reporting through robust internal controls. The guide establishes precise thresholds for occasional transactions, defines designated entities subject to targeted financial sanctions, and outlines specific procedures for verifying clients against official lists.
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