Regulatory Alerts2019-01-30
Added · Updated
Instruction No. 5/2019 - Annual Reporting Model for AML/CFT Prevention
Financial entities supervised by the Bank of Portugal must submit a single annual Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) Report (RPB) replacing the previous separate Prevention Report and Self-Assessment Questionnaire. The report, covering the preceding calendar year, must be submitted via the BPnet system by February 28 each year and includes specific sections for payment and e-money institutions, self-assessment questionnaires, and administrative opinions. Financial institutions are required to immediately notify the regulator of changes to key compliance, audit, and administrative personnel details. A transitional provision mandates the submission of the first unified report for the 2018 period by April 15, 2019, with specific qualitative reporting requirements for the second half of 2017.