English
The Financial Intelligence Agency (FIA) of Bermuda was established by the Financial Intelligence Agency Act 2007 to act as an independent agency authorised to receive, gather, store, analyse and disseminate information relating to suspected proceeds of crime and potential financing of terrorism received in the form of Suspicious Activity Reports.
Money laundering is regulated under article 209 of the Criminal Code of Bosnia and Herzegovina. The AML legislation has measures in place for detecting and preventing money laundering and terrorist financing activities that apply to the following entities:
As an AML reporting entity in Bosnia and Herzegovina, you must undertake a risk assessment which determines the following:
As an AML reporting entity in Bosnia and Herzegovina, you must undertake a risk assessment which determines the following:
All information, data and documents obtained must be kept for at least 10 years after identification, completion of a transaction, closing of an account or the termination of the validity of a contract.
All reporting entities must report to the Financial Intelligence Department, providing them with the relevant information data and documentation when suspicion has arisen and before the transaction is completed. The report shall state the period during which the transaction is expected to be executed.
You must also report a cash transaction of 30.000 KM or more and connected transactions which together amount to 30.000 KM or more.
Our clients are provided with a secure and simple solution in regard to scanning for politically exposed or high-risk individuals, as well as checking names against sanction, regulatory, law enforcement, and other official lists.
Use our sophisticated scan filters and due diligence workflow to minimise the amount of time you spend sorting through, false matches. Scan results and reporting sections allow you to access customer details, whenever and wherever required, as well as download reports, to customise for further investigation or to provide evidence of your AML program compliance for auditing purposes.
* This page is intended as general information only and should not be relied on as the sole source of information for your AML obligations and AML program. Please visit your local regulatory authority sites for the latest relevant and full information.
