The country’s government has issued new anti-money laundering guidelines and plans to amend the legislation by proposing a bill to this effect, which is expected to come into force in June 2025.
The bill contains 25 measures. Among them are proposals to remove mandatory enhanced customer verification, but at the same time to introduce a ban on international wire transfers where there is incomplete information about the parties.
And three breaches of regulations will be added to the list of civil penalties. Among them are failure to file a suspicious activity report, an annual report and a risk assessment.