Regulatory Alerts2023-03-31
Added · Updated
Regulations Determining Administrative Sanctions for Capital Market Players' AML-CFT Non-Compliance
The Capital Market Authority of Rwanda issues these regulations to establish a structured framework for imposing administrative sanctions on licensed financial institutions, board members, and senior managers. The rules mandate proportional penalties based on institutional category, risk exposure to money laundering and terrorism financing, and the severity of compliance failures. Furthermore, the regulations standardize sanction determination procedures, appeal mechanisms, and fine recovery processes to ensure consistent enforcement across Rwanda’s capital market sector.
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