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

Document cover for Standards for the implementation of the Anti-Money Laundering and Countering the Financing of Terrorism policy
Download
English | PDF | 537.59 KB

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
Table of contents
  1. Introduction
  2. Definitions
  3. AML/CFT risk management
  4. Assessing risk and risk-based approach
  5. Counterparty due diligence
  6. Financial transaction activities monitoring
  7. Reporting red flags, suspicious activities, and suspected ML/FT
  8. Exiting a relationship
  9. Training and capacity building
  10. Record retention
  11. Data protection and confidentiality
  12. Right of interpretation
  13. Authority of the documents
  14. Review
  15. Effective date