New policies related to anti-money laundering

On 14th November, the Presidential Office issued an Order related to the Anti Money Laundering matters. The Order widely mentions the Offences and Duties of the Financial Intelligence Unit and the Scrutiny Board which have been formed by the Anti Money Laundering Law 2014. The Order gives authority to the Financial Intelligence Unit and the Bureau of Special Investigations to take necessary measures to combat money laundering.

 

Additionally, the Financial Institution Regulatory Committee under the Ministry of Planning and Finance subsequently issued a Directive (No.2-2019) for the Compliance for Financial Institutions relating to anti-money laundering dated on 13th November.

 

The full document can be consulted in English here.

 

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