IMPORTANT CHANGES TO ANTI-MONEY LAUNDERING & PREVENTION OF TERRORIST FINANCING CODE
DUE DILIGENCE REQUIREMENTS UNDER THE PROCEEDS OF CRIME ORDINANCE AND ANTI-MONEY LAUNDERING REGULATIONS AND CODE On 18th November 2022 changes were made to the Anti-Money Laundering and Prevention of Terrorist Financing Code as regulations as follows: New section 13 (A) of the Anti-Money Laundering and Prevention of Terrorist Financing (Amendment) (No.4) Code 2022 reads: A financial business engaged in realtor activities shall, in relation to a transaction for the sale of real property, conduct customer …
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