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Exposure Draft on Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) – Money Services Business (Sector 3) (Supplementary Document No. 2)

Release Date: 09 Aug 2019

This exposure draft outlines the proposed minimum requirements and standards that a licensed money changer approved to implement electronic Know Your Customer (e-KYC) must observe in on-boarding customers for the provision of money changing business through online or mobile channels. The minimum requirements and standards are proposed to ensure that effective and robust Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) controls and systems are in place to safeguard the safety and integrity of online and mobile money changing services.

See also:
Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) - Money Services Business (Sector 3) (Supplementary Document No. 2)
 

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