Every accountable person is required by Regulation 45(1) of the Anti-Money Laundering Regulations, 2015 to submit to the Financial Intelligence Authority(FIA) a compliance report setting out the level of compliance with the Act and Regulations and the Internal Anti-Money Laundering and Combating Terrorist Financing Policy of the accountable person at the end of each calendar year. The FIA developed a compliance report template to streamline and standardise the reports submitted by Accountable persons. Accountable persons are listed under the Second Schedule to the Anti Money Laundering Act, 2013. Notably among these are NGOs, Advocates, Casinos, Financial Institutions, Registrars of Land...
