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.
CIR
Current
Issue Date:
03 Jun 2020
20200603-1-EN.pdf (169.9 KB)
Topic:
AML & CFT - AML/CFT Controls
Fintech - Fintech supervisory sandbox
Fintech - Regtech
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
03 Jun 2020
Enclosure - Key observations and good practices in AML/CFT control measures for remote customer on-boarding initiatives
CIR
Current
01 Feb 2019
Remote on-boarding of individual customers
Annex
Current
03 Jun 2020
Enclosure - Key observations and good practices in AML/CFT control measures for remote customer on-boarding initiatives
CIR
Current
01 Feb 2019
Remote on-boarding of individual customers
Version History
Superseded Document
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