LATEST UPDATE

The FIC Guidance Note 7A

The FIC recently published Guidance Note 7A (GN 7A). This update provides detailed guidance for accountable institutions on complying with the risk management and compliance programme requirements under the FIC Act, which emphasises the importance of identifying and managing financial crime risks, maintaining proper records, and reporting suspicious transactions.

The Guidance Note is available on:

https://saicawebprstorage.blob.core.windows.net/uploads/resources/Guidance-Note-7A.pdf