Regulatory Alerts2022-02-24 | Circular No.01Added · Updated
Red Flags Indicators for Financing and Facilitation of Foreign Terrorist Fighters (FTFs) and Returnees
Financial institutions and DNFBPs are mandated under Section 7 (1) of the Anti-Money Laundering Act, 2010, to promptly report suspicious transactions related to potential money laundering, terrorism financing, or proliferation financing. To assist in identifying risks associated with foreign terrorist fighters, the Financial Monitoring Unit has issued specific typologies and red flag indicators. Reporting entities must integrate these guidelines to enhance their detection and reporting capabilities for activities involving FTFs and returnees.
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