Regulatory Alerts2025-11-21
Added · Updated
Guidance on risk-based AML/CFT controls for politically exposed persons
The Circular Issued by the regulator mandates that all Authorized Institutions implement risk-based Anti-Money Laundering and Counter-Financing of Terrorism controls specifically tailored for politically exposed persons. This guidance establishes the regulatory framework for identifying, assessing, and mitigating the elevated risks associated with dealing with politically exposed persons. Institutions are required to integrate these specific measures into their broader compliance systems to ensure effective financial crime prevention.
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