Insurance Law

Circular Letters from Regulators ASF and BoP

On 10 December both the Insurance and Pension Funds Supervisory Authority ("ASF") (via Circular Letter no. 11/2021) and the Bank of Portugal ("BoP") (via Circular Letter no. 59/2021), disclosed the latest announcements of the Financial Action Task Force ("FATF"), arising from the plenary meeting of October 2021, on the adoption of countermeasures proportionate to the very high risk of money laundering and terrorist financing in relation to the Democratic Republic of Korea (North Korea) and the Islamic Republic of Iran.

You can consult:

  • ASF’s Circular-Letter here.
  • BdP’s Circular-Letter here.
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