Regulatory Alerts2011-11-18
Added · Updated
FIAU Implementing Procedures Part II Relating to the Banking Sector
The Financial Intelligence Analysis Unit brings into force the section of Part II of the Implementing Procedures relating to the banking sector, approved by the Board of Governors on 14 November 2011. These procedures apply to all subject persons as defined in the Prevention of Money Laundering and Funding of Terrorism Regulations (Legal Notice 180 of 2008). Subject persons are required to read Part II in conjunction with Part I of the Implementing Procedures, as Part II is incomplete on its own.
FINANCIAL INTELLIGENCE ANALYSIS UNIT NOTICE Implementing Procedures The FIAU would like to bring to the attention of all subject persons, as defined in the Prevention of Money Laundering and Funding of Terrorism Regulations (Legal Notice 180 of 2008)(“PMLFTR”), the issuance of the section in Part II of the Implementing Procedures relating to the banking sector. These procedures were approved by the Board of Governors of the FIAU on 14 November 2011 and shall come into force on the date of this notice. Subject persons are reminded that Part II is incomplete on its own and must be read in conjunction with Part I of the Implementing Procedures. 18th November 2011