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Anti-Money Laundering & Combatting Terrorist Financing Guidelines for the Banking Sector

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The BVI Financial Services Commission (FSC) continues to support licensees’ understanding of their AML/CFT obligations through the issuance of the Anti-Money Laundering & Combatting Terrorist Financing Guidelines for the Banking Sector. 

The guidelines provide practical guidance to banking institutions on the obligations created under the jurisdiction’s AML/CFT framework and describe the components necessary for implementing suitable AML/CFT programmes within banks.  Banks should use these guidelines as a tool to aid in compliance with AML/CFT obligations under the Territory’s legislation, as well as the Recommendations of the Financial Action Task Force.

See Guidelines attached below.

Posting Date: Wednesday, 1 July, 2020

Category: Policies & Guidelines

Regulator Information

Abbreviation: BVI FSC
Jurisdiction: British Virgin Islands

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