Update on Anti-Money Laundering and Terrorism Financing Measures
Following the update of the national risk assessment for money laundering and terrorism financing for the 2022-2024 period, the Central Bank of Tunisia (BCT) has issued a statement addressing instructions for banks and financial institutions. The bank calls on the entire sector to increase vigilance in the face of heightened risks in this sensitive area.
The BCT emphasizes the need to consolidate compliance mechanisms to ensure rigorous application of the vigilance measures provided for by regulations. Institutions are invited to strengthen their internal controls and ensure better identification of suspicious operations.
The bank also highlights the importance of updating training programs for executives and agents to improve their skills in detecting and preventing operations related to money laundering and terrorism financing.
Key Takeaways:
- The Central Bank of Tunisia has updated its national risk assessment for money laundering and terrorism financing.
- Banks and financial institutions are urged to increase vigilance and consolidate compliance mechanisms.
- Internal controls should be strengthened, and suspicious operations should be better identified.
- Training programs for executives and agents should be updated to improve skills in detecting and preventing money laundering and terrorism financing operations.
