Guidance Note – COVID-19: Remaining Vigilant Again

Notice from the FIAU:
 
The FIAU understands that subject persons are facing unprecedented challenges and operating in difficult circumstances brought about by the COVID-19 pandemic.
 
It has now become clear that the virus is a breeding ground for criminals and criminal organizations seeking to exploit the situation. The ensuing economic crisis has likewise given criminals the opportunity to thrive.
 
As Europe gradually emerges from the holds of the pandemic, the criminal landscape is only just beginning to flourish, and the risks of money laundering and terrorism financing are increasing.
 
As part of its ongoing assessment of the situation, the FIAU would like to advise on current and anticipated threats, address arising concerns, and remind subject persons to remain vigilant in the face of ML/FT risks.
 
Kindly click here to access the latest guidance document by the FIAU in response to the COVID-19 pandemic.