AML/CFT - Designated Orders

The Financial Services Commission (FSC) publishes on its website every order obtained under the Anti-Terrorism (Amendment) Act, 2019-34 (Act), in respect of listed entities or related persons. This includes freezing orders, amendments to such orders and revocations of such orders.

Financial institutions are required to conduct a review of their customers/clients and take appropriate action to ensure compliance with orders issued pursuant to the Act.

Where, pursuant to the Act and the Orders, a financial institution freezes an account you must submit a detailed report to the Financial Intelligence Unit.

Reference should be made to the AML/CFT Guidelines issued by the FSC for additional guidance.

Should you have any queries please contact Mrs. Cyralene Benskin-Murray - Head of the AML/CFT Unit