CIRCULAR TO ALL SUPERVISORY BODIES ON ELECTRONIC REGISTRATION WITH THE FINANCIAL INTELLIGENCE AUTHORITY.
LEGAL BASIS
Section 21(pb) of the Anti-Money Laundering Act, 2013 (as amended) provides for the registration of all Accountable Persons as one of the general powers of the FIA.
As such, Regulation 4 of the Anti-Money Laundering Regulations, 2015 requires every accountable person to register with the Authority, within one year from the commencement of the Regulations, or such other period as the Authority may specify. In addition to this, Regulation 3(2) of the Anti-Money Laundering Regulations, 2015 provides that the register shall be kept in an electronic form.