1) The document amends certain provisions of the 2018 Implementing Rules and Regulations of the Anti-Money Laundering Act.
2) Key amendments include expanding the definition of "customer" to include juridical persons, requiring enhanced due diligence on family and associates of politically exposed persons, and shortening deadlines for filing suspicious transaction reports.
3) The amendments also update rules regarding countermeasures for high-risk jurisdictions, disseminating information, and ensuring beneficial ownership information is kept up to date.
1) The document amends certain provisions of the 2018 Implementing Rules and Regulations of the Anti-Money Laundering Act.
2) Key amendments include expanding the definition of "customer" to include juridical persons, requiring enhanced due diligence on family and associates of politically exposed persons, and shortening deadlines for filing suspicious transaction reports.
3) The amendments also update rules regarding countermeasures for high-risk jurisdictions, disseminating information, and ensuring beneficial ownership information is kept up to date.
1) The document amends certain provisions of the 2018 Implementing Rules and Regulations of the Anti-Money Laundering Act.
2) Key amendments include expanding the definition of "customer" to include juridical persons, requiring enhanced due diligence on family and associates of politically exposed persons, and shortening deadlines for filing suspicious transaction reports.
3) The amendments also update rules regarding countermeasures for high-risk jurisdictions, disseminating information, and ensuring beneficial ownership information is kept up to date.