The Anti-Money Laundering and Combatting the Financing of Terrorism Handbook (the “Handbook”) has been updated on 21 September 2022 in view of aligning with the amended certification requirements under the Financial Intelligence and Anti-Money Laundering Act 2002 and the Financial Intelligence and Anti-Money Laundering Regulations 2018. The certification requirements have been amended to cater to a more seamless process while also ensuring compliance to global standards of compliance.

The Handbook aims to provide a comprehensive overview of the AML/CFT legislative framework. It is designed to help financial institutions adopt a more effective, risk-based and outcome focused approach and provide guidance to reporting persons.

Read more about the updates to the AML/CFT Handbook in the latest Axis Newsbite available HERE.