News Published ASAE Regulations on General and Specific Duties to Prevent and Combat Money Laundering and Terrorism Financing 18/02/2022

On February 17, the Regulation on General and Specific Duties for Preventing and Combating Money Laundering and the Financing of Terrorism (Notice 3240/2022) of the Food and Economic Security Authority (“ASAE”) was published. With the entry into force of this regulation, ASAE Regulation 314/2018, of 25 May, is revoked.

ASAE is responsible for verifying compliance with the duties incumbent on non-financial entities, which are not subject to the supervision of another specific sectoral authority. In all that is not provided for in the Regulation, the provisions of Law 83/2017, of August 18, in its current wording, will be observed. This regulation enters into force on the 1st working day of the month following its publication.

You can consult the text of the Regulation here, or click on the link to the respective page.