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Important notice from Company Registry on TCSPs - 13 Sep 2019
13 Sep 2019Guidance for a Risk-Based Approach Published by the Financial Action Task Force
The Financial Action Task Force has completed the review of its risk-based approach (“RBA”) guidance for trust and company service providers (“TCSPs”) and published a new “Guidance for a Risk-Based Approach for Trust and Company Service Providers” (“the Guidance”).
The Guidance outlines the key elements involved in applying a RBA to anti-money laundering and counter-terrorist financing (“AML/CTF”) related to TCSPs. It serves as a reference guide to assist TCSPs in the design and implementation of their RBA to AML/CTF by providing guidelines and examples of good practices. The Guidance is available for download at http://www.fatf-gafi.org/publications/fatfrecommendations/documents/rba-trust-company-service-providers.html.