Standards for the implementation of the Anti-Money Laundering and Countering the Financing of Terrorism policy

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Standards for the implementation of the Anti-Money Laundering and Countering the Financing of Terrorism policy
Adopted by decision B.23/15 (a). These AML/CFT Standards set the minimum and mandatory benchmarks to prevent, detect, and investigate money laundering and financing of terrorism, and to control and manage related risk.
Cover date
08 July 2019
Document type
Policies, strategies, and guidelines
Theme
Integrity policies
Table of contents
- Introduction
- Definitions
- AML/CFT risk management
- Assessing risk and risk-based approach
- Counterparty due diligence
- Financial transaction activities monitoring
- Reporting red flags, suspicious activities, and suspected ML/FT
- Exiting a relationship
- Training and capacity building
- Record retention
- Data protection and confidentiality
- Right of interpretation
- Authority of the documents
- Review
- Effective date