Regulatory Alerts2023-04-12
Circular Letter No. CC/2023/00000016
The Bank of Portugal issued Circular Letter No. CC/2023/00000016 to inform supervised entities about the adoption of proportional countermeasures against the very high risks of money laundering and terrorist financing associated with North Korea and Iran, following FATF announcements. The document also highlights additional measures adopted by the FATF regarding the Russian Federation. This directive applies to credit institutions, electronic money institutions, payment institutions, and financial companies.
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