News News Flash - CMVM Regulation on Preventing Money Laundering and Financing of Terrorism 13/03/2020

On the 5th of March 2020, the Securities Market Commission (“CMVM”) released Regulation No. 2/2020, proceeding with the regulation of Law No. 83/2017 of 18 August, which establishes anti money laundering and financing of terrorism measures.

The Regulation will apply to covered entities (as defined in Law No. 83/2017) of a financial nature subject to the exclusive supervision of the CMVM, to entities of a financial nature whose supervision is shared with Banco de Portugal and the auditors, incorporated as a company or in individual practice, seeking to establish a regime as common as possible, while introducing some distinctions taking into account the nature and scope of activity of the regulated entities.

To find out more, access our News Flash here.