DUFAS Responds to AMLA Consultation on Ongoing Monitoring of Business Relationships

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DUFAS has submitted comments on the Anti-Money Laundering Authority’s (AMLA) consultation regarding the draft guidelines for ongoing monitoring of business relationships under Article 26(5) of the Anti-Money Laundering Regulation (AMLR). In our response, we emphasize the importance of a truly risk-based and proportionate approach.

In our response, we highlight the impact of the guidelines on the asset management sector and offer suggestions to ensure that the guidelines remain practical and feasible.

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