AML/CFT Requirements and Guidance
The links on the right-hand menu link to pages which set out details of the Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”) requirements and guidance for persons, entities and arrangements which are regulated under the following Acts:
- Financial Services Act 2008;
- Insurance Act 2008;
- Retirement Benefits Schemes Act 2000; and
- Designated Businesses (Registration and Oversight) Act 2015.
Please click on the relevant link for more information.
Also, in order to assist relevant persons in fulfilling their training obligations under the AML/CFT legislation the Authority arranges, from time to time, Anti-Money Laundering and Countering the Financing of Terrorism seminars details of which are usually published on this website.
Any queries in relation to the AML/CFT requirements and associated guidance may be directed to firstname.lastname@example.org
AML/CFT (Civil Penalties) Regulations 2019 (“Civil Penalty Regulations”)
Following a public consultation in early 2019 the Civil Penalty Regulations have now been brought into force. This extends the range of sanctions in relation to contraventions of compliance with the AML/CFT Code 2019. Previously, the only option was for criminal sanctions to be imposed when contraventions of the AML/CFT Code were identified.
Please see the guidance note in relation to the AML/CFT civil penalties regime.
Annual AML/CFT Statistical Returns
All regulated entities and designated businesses should complete the applicable Annual AML/CFT statistical return detailed below and submit it to email@example.com on or before 31 December each year.