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3. Highlights of Key Provisions Affecting Financial Institutions

Effective from 13/7/2023

The AML-CFT Law and the AML-CFT Decision contain numerous provisions setting out the rights and obligations of supervised institutions, including Financial Institutions, as well as their senior managers and employees. This section highlights some of the key provisions affecting FIs that are of immediate concern. FIs are reminded that it is their sole responsibility to adhere to all provisions of the AML-CFT Law, the AML-CFT Decision, and all regulatory notices, rulings and circulars affecting them.