Regulatory Alerts2025-08-12 | EPD Circular Letter No. 08 of 2025Added · Updated
Revision in Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing
Authorized Dealers (ADs) in Foreign Exchange must update their policies, processes, and systems to comply with the newly issued "Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing". This revised framework supersedes the one issued on October 14, 2019. ADs are required to ensure meticulous compliance by October 31, 2025, as failure to adhere to these instructions may result in enforcement action under relevant laws.
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