Tag: FIU imposes penalties to finance companies for violation of customer due diligence rules

Jan 11, 2021 (LBO) – Financial Intelligence Unit (FIU) as the regulator for Anti-Money Laundering and Countering the Financing of Terrorism in the country, has imposed penalties amounting to Rs. 2.3 million in total for the period from 01.06.2020 to 31.12.2020 to enforce compliance on financial institutions. The Monetary Board of the Central Bank has […]