Central Bank Clamps Down on Free Holding Companies
The Currency Exchange Office announced the issuance of a circular regarding vigilance duties and internal oversight for free holding companies (Holding Offshore). This is part of the legal enforcement of anti-money laundering laws and free financial zones. The circular aims to strengthen internal control within these companies to ensure compliance with regulations and is part of an effort to update and improve financial monitoring systems to combat money laundering and terrorist financing.
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