CIMA UN and EU Sanctions

Financial Services Providers are expected, pursuant to the Money Laundering Regulations to have systems and controls in place to conduct initial due diligence, for monitoring on an ongoing basis and reporting. In the event of updates to the relevant sanctions lists below, Financial Services Providers may discover that sanctions are applicable to one or more of their clients, existing or new. The Proceeds of Criminal Conduct Law, the Money Laundering Regulations and the Terrorism Law will then require the filing of a Suspicious Activity Report to the Financial Reporting Authority.