Published Date: 28 October 2015

CMI 05/2015: Circular to Financial Advisers on Enhancing Anti-Money Laundering & Countering the Financing of Terrorism Measures and Business Conduct

This circular was issued following a series of thematic inspections carried out between 2014 and 2015 which covered licensed and exempt financial advisers, with regard to their AML/CFT practices, handling of customers’ moneys and assets, record keeping, and transactions with customers. It sets out common findings, and good practices observed during the inspections.