Revised Guideline on Anti-Money Laundering and Counter-Financing of Terrorism applicable to Trust or Company Service Providers will become effective on 3 March 2025

The Companies Registry conducted a trade consultation on the Proposed Revised Guideline on Compliance of Anti-Money Laundering and Counter-Terrorist Financing Requirements for Trust or Company Service Providers (“the Guideline”) from April to June 2024 and received 13 submissions. After taking into consideration the feedback received, the revised Guideline has been renamed “Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Trust or Company Service Provider Licensees)”, which has been published in the Gazette on 6 December 2024 and will become effective on 3 March 2025.

The revised Guidelines can be downloaded at HERE.

Publish on 17 February 2025