Regulators meet to discuss AML rules during lockdown

Tue, 24 Mar 2020

The major regulators for anti-money laundering are meeting today to work out if any rules can be relaxed while the country is in lockdown. The rules, which apply to banks, lawyers, real estate agents, casinos and finance companies, will be difficult to comply with as the country moves into lockdown as of midnight Wednesday. For example, property lawyers and banks are meant to see customers in person with photo ID as part of customer due diligence. BusinessDesk understands a meeting will take place this afternoon involving the Dep...

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