Regulatory Alerts2020-06-03
Added · Updated
Feedback from recent thematic reviews of Anti-Money Laundering and Counter-Financing of Terrorism control measures for remote customer on-boarding initiatives
The regulator issued this circular to provide feedback based on recent thematic reviews of Anti-Money Laundering and Counter-Financing of Terrorism control measures for remote customer on-boarding initiatives. The document outlines key observations and good practices to guide all authorized institutions in strengthening their compliance frameworks for digital customer acquisition. It serves as a supervisory reference to ensure that remote on-boarding processes effectively mitigate money laundering and terrorist financing risks.