Further review of compliance with combating money laundering and the financing of terrorism in 2019

Dealing with money laundering is very important for the effective fight against all forms of serious criminality. The reviews and completion of individual cases in the reviews are currently still ongoing.

Approach
The Market Monitor issued this spring includes questions on compliance with the Wwft BES, but also on the risks you are exposed to in your role as service providers that you unintentionally cooperate with money laundering and the financing of terrorism. The AFM will carry out working visits at a number of service providers to review compliance with the Wwft BES in May 2019. Aspects covered by the review will include the performance of customer due diligence, the reporting obligation and the obligation to provide training. The AFM will also publish a separate guidance document on the Wwft BES specially developed for the BES Islands in 2019.