Regulatory Alerts2026-05-20
Added · Updated
Gibraltar Financial Services Commission AML/CFT/CPF Handbook — Customer Due Diligence
The Gibraltar Financial Services Commission requires regulated entities to apply a risk-based customer due diligence framework that mandates the identification and verification of customers, beneficial owners, and ownership structures before or during business relationship establishment. The guidance establishes specific transaction thresholds for bureaux de change and virtual assets, defines simplified and enhanced due diligence protocols based on customer, product, and geographical risks, and outlines sanctions screening alongside post-establishment verification exemptions for targeted sectors. Entities must maintain documented audit trails, conduct continuous risk-tailored monitoring, and apply flexible verification measures to mitigate money laundering, terrorist financing, and proliferation risks without compromising financial inclusion.