Bhutan regulates AML/CTF through its Financial Intelligence Unit and the AML/CFT Act 2018. See the obligations and how MemberCheck supports them.
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Bhutan built out its AML/CTF framework with the Anti-Money Laundering and Countering Financing of Terrorism Act 2018, which upgraded the country's former Financial Intelligence Unit into the Financial Intelligence Department (FID), housed within the Royal Monetary Authority of Bhutan. As a member of the Asia/Pacific Group on Money Laundering, Bhutan works toward the FATF Recommendations that shape expectations for reporting entities.
Financial institutions and other reporting entities must run customer due diligence, identify beneficial owners, keep records, monitor transactions, and report suspicious activity to the Financial Intelligence Department. Supervisors expect documented risk assessments and continual staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Bhutan's financial intelligence unit, upgraded from a unit to a full department under the AML/CFT Act 2018, sits within the Royal Monetary Authority of Bhutan. It receives, analyses, and disseminates suspicious transaction reports to competent authorities.
The Royal Monetary Authority is Bhutan's central bank and financial regulator. It supervises financial institutions and issues AML/CTF guidance for reporting entities.
Bhutan's principal AML/CTF statute. It sets customer due diligence, record-keeping, and suspicious transaction reporting duties for reporting entities.
Bhutan is a member of the APG, a FATF-style regional body. Members work to align their regimes with the FATF Recommendations.
Bhutan's Financial Intelligence Department (FID), which sits within the Royal Monetary Authority of Bhutan, receives and analyses suspicious transaction reports. Formerly a unit, it was upgraded to a full department under the AML/CFT Act 2018. The Royal Monetary Authority also supervises financial institutions.
The Anti-Money Laundering and Countering Financing of Terrorism Act 2018 is Bhutan's principal statute, setting customer due diligence, record-keeping, and suspicious transaction reporting obligations.
Bhutan is not a FATF member, but it is a member of the Asia/Pacific Group on Money Laundering (APG), a FATF-style regional body that promotes the FATF Recommendations.
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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