News Banco de Portugal issues new notice on AML 07/06/2022

Notice 1/2022 was published today, which revokes and replaces Notice 2/2018, of 26 September, and Instruction 2/2021, of 26 February, on preventive duties money laundering and the financing of terrorism.

This Notice enters into force within 60 days after the date of its publication, that is, from the 5th of August.

The main objectives to be achieved with this new notice are the following:

1. Purging from the regulatory text the aspects of the regime that are now provided for in Law 83/2017;
2. Updating the rules that refer to diplomas that have already been revoked, referring to the current diploma;
3. Making the regime compatible with the provisions of Bank of Portugal Notice 3/2020, of 15 July.

You can consult the text of the Notice here, or click on the link to the respective page of Banco de Portugal.