Regulatory Alerts2021-04-26
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Feedback From Thematic Review of The Use of External Information and Data in Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) Systems
The regulator issued feedback from a thematic review regarding the use of external information and data within Anti-Money Laundering and Counter-Financing of Terrorism systems. The document outlines key observations and good practices for Authorized Institutions to enhance the effectiveness of their AML/CFT controls. It addresses challenges related to data quality and integration, particularly in the context of fintech and regulatory technology adoption.
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