CIRCULARS & GUIDELINES

YEAR 2024

1. Circular 01/2024 – Compliance with the Reporting Requirements under the Financial Transactions Reporting Act, No. 6 of 2006.

YEAR 2023

1. Circular 03/2023 – Reminder on Adherence to Previously Issued Guidelines and Reporting Formats on Mandatory Reporting under the Financial Transactions Reporting Act, No. 06 of 2006

2. Circular 01/2023 – Calling for Due Vigilance on Compliance Lapses

YEAR 2022

1. Circular 04/2022 – Authenticating customer identification details through the Department of Immigration and Emigration

2. Circular 02/2022 – Further information requested on Suspicious Transaction Reports (STRs)

3. Circular 01/2022 – Amendment to the Guidelines for Financial Institutions on CCTV Operations for AML/CFT Purposes, No. 2 of 2021

YEAR 2021

1. Circular 04/2021 – Deposits made under the Finance Act, No. 18 of 2021

2. Circular 03/2021 – Additional measures to mitigate the emerging Money Laundering/ Terrorist Financing risks during the third wave of the COVID-19 Pandemic

3. Circular 02/2021 – Trends in Foreign Currency Outflows via ATMs: Cash withdrawals in Overseas

4. Circular 01/2021 – Implementation of AML/CFT measures on parties involved with online payment platforms

YEAR 2020

1. Guidelines for Non Face-to-Face Customer Identification and Verification Using Electronic Interface Provided by the Department for Registration of Persons, No. 03 of 2020Revised

2. Guidelines for Non Face-to-Face Customer Identification and Verification Using Electronic Interface Provided by the Department for Registration of Persons, No. 03 of 2020Repealed

3. Circular 03/2020 – Financial Institutions are advised to be vigilant to emerging Money Laundering/ Terrorist Financing risks

4. Circular 02/2020 – Extraordinary Measures of Extending the Deadline for Submission of Threshold Reports – Second Extension

5. Circular 01/2020 – Extraordinary Measures of Extending the Deadline for Submission of Threshold Reports

YEAR 2019

1. Circular 02/19 – Debiting Withholding Taxes from Suspended Accounts

2. Guidelines on Identification of Politically Exposed Persons, No. 03 of 2019

3. Guidelines for Designated Non-Finance Businesses on Identification of Beneficial Ownership, No. 02 of 2019

YEAR 2018

1. Guidelines on Implementing United Nations (Sanctions in relation to Iran) Regulations No. 1 of 2018, No. 7 of 2018

2. Guidelines on Implementing United Nations (Sanctions in relation to Democratic People’s Republic of Korea) Regulations of 2017, No. 5 of 2018

3. Guidelines on AML & CTF Compliance Obligations for Dealers in Real Estate and Precious Metals, Precious and Semi-Precious Stones, No. 03 of 2018