Regulatory Alerts2020-06-03
Added · Updated
Feedback on AML/CFT Control Measures for Remote Customer On-boarding Initiatives
The regulator issued this circular to provide feedback from 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 authorized institutions in strengthening their AML/CFT frameworks. It serves as a supervisory reference for enhancing compliance in fintech and regtech remote onboarding processes.