Regulatory Alerts2023-11-01
Added · Updated
SEC/FIC AML/CFT/CPF Guidelines for Market Operators in Ghana (2023)
The Securities and Exchange Commission (SEC) and Financial Intelligence Centre (FIC) have issued updated guidelines mandating Ghanaian Market Operators to implement a comprehensive, risk-based AML/CFT/CPF compliance framework. The document establishes binding requirements for customer due diligence, suspicious transaction reporting, governance structures including the Anti-Money Laundering Reporting Officer, and enhanced monitoring of high-risk entities. Aligned with the 2020 AML Act and FATF standards, these guidelines prescribe specific operational procedures, record-keeping obligations, and administrative sanctions to mitigate money laundering, terrorist financing, and proliferation financing risks within the securities sector.
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