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Counter Measures

Supervisory Authorities, each in accordance with their respective specialisations, shall ensure the compliance of financial institutions and DNFBPs to their supervision in implementing enhanced CDD measures on customers and ongoing monitoring of business relationships with high risk countries.

 
 

Financial institutions and DNFBPs shall implement enhanced CDD measures based on the level of risk that may arise from business relationships and transactions with natural or legal persons from high risk countries.

 

Financial Institutions and DNFBPs should refer to the Interpretive Note to Recommendation 19 of FATF Recommendations, Click Here