Compliance Programmes for the Securities Market

As part of our focus on Anti-Money Laundering and Combating the Financing of Terrorism (“AML/ CFT”), last week we explained  the respective roles of the Regulator and Registrants in ensuring compliance with AML/ CFT requirements.  In this week’s article, we delve further into what constitutes an effective Compliance Programme.

Registrants are required to establish AML/CFT Compliance Programmes (“CPs”) in an effort to combat against Money Laundering (“ML”) and Terrorist Financing (“TF”). The AML/CFT CP must be based on applicable legislation, regulations and guidelines and among other things, should outline internal control measures to prevent, detect, monitor and report on complex, unusual and suspicious activities and transactions.


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