AML/CFT Risk Assessment of the Securities Sector
SEC-EIPD Notice • Securities and Exchange Commission Departments • Enforcement and Investor Protection Department (EIPD)
Full text
2020 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT NOTICE TO ALL COVERED PERSONS IN THE SECURITIES INDUSTRY AML/CFT RISK ASSESSMENT OF THE SECURITIES SECTOR The Securities and Exchange Commission (SEC) is conducting a risk assessment of the Securities Sector to identify, assess and understand money laundering and terrorist financing (ML/TF) risks to which the sector is exposed and to implement the most appropriate mitigation measures. HTcADC For this purpose, the SEC is collecting data from relevant government agencies, law enforcement authorities and institutions in the securities industry. All covered persons in the securities sector are enjoined to accomplish a Survey Questionnaire to assist the SEC in the conduct of the said AML/CFT Sectoral Risk Assessment. The Questionnaire will also guide the covered persons in the conduct of their Institutional Risk Assessment, which is required to be undertaken under SEC Memorandum Circular No. 26, Series of 2020. The Survey Questionnaire shall be accomplished and submitted online on or before 06 November 2020, 5:00PM . Said Questionnaire may be accessed through the following link: https://docs.google.com/forms/d/e/1FAIpQLSe5KvXazmw2qvIcZZJynWPxta a11RWnXXpog5dqoM2PsGfT8A/viewform?usp=sf_link For compliance.
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