Regulatory Alerts2025-11-21
Added · Updated
Guidance on risk-based AML/CFT controls for politically exposed persons
The regulator issued this circular to provide guidance on implementing risk-based anti-money laundering and counter-financing of terrorism controls for politically exposed persons. The document directs all authorized institutions to apply enhanced due diligence measures when dealing with such individuals to mitigate financial crime risks. It includes an enclosure offering smart tips on the appropriate treatment of politically exposed persons within compliance frameworks.
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