(AML-CFT Law Article 27; AML-CFT Decision Article 17.3)

The AML-CFT Law and the AML-CFT Decision provide Financial Institutions, as well as their board members, employees and authorised representatives, with protection from any administrative, civil or criminal liability resulting from their good-faith performance of their statutory obligation to report suspicious activity to the FIU. This protection is also applicable if they did not know precisely what the underlying criminal activity was, and regardless of whether illegal activity actually occurred.