Regulatory Alerts2024-06-05
Added · Updated
Instruction No. 8/2024
Instruction No. 8/2024 establishes the annual reporting model for the Prevention of Money Laundering and Terrorist Financing (AML/CFT) system, requiring supervised financial entities to submit a specific report (RPB) to the Bank of Portugal. The report must be filed by March 31 each year for the preceding calendar year, covering institutional information, intrinsic risk, AML/CFT policies, identified deficiencies, and criminal offenses. A transitional provision extends the deadline for the 2023 report to September 30, 2024. The instruction also revokes previous instructions 5/2019 and 6/2020 and defines specific reporting obligations for the Agricultural Mutual Credit System.
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