Additional Note to Circular 99-3 to banks
- Banks must apply enhanced due diligence to customers in sectors where cash use is high.
- Enhanced due diligence also applies to customers in poorly regulated sectors that fall under designated non-financial businesses and professions (EPNFD).
- The note is based on the law of November 11, 2013 sanctioning money laundering and terrorist financing and forms part of circular 99-3.
In the application of circular 99-3 on preventive measures to combat money laundering and terrorist financing, the BRH urges banks to apply enhanced due diligence, in addition to the cases listed in section 5 of the circular, to two groups of customers. The first is customers operating in activity sectors where cash use is high.
The second is customers in sectors with insufficient regulation that belong to the category of designated non-financial businesses and professions (EPNFD) under the law of November 11, 2013 sanctioning money laundering and terrorist financing. The note forms an integral part of circular 99-3.
How to cite
Bank of the Republic of Haiti (BRH), 2022, Additional Note to Circular 99-3 to banks, https://www.brh.ht/wp-content/uploads/Note-additionnelle-circualire-99-3.pdf
- Rights holder
- Banque de la République d'Haïti (BRH)