In line with recognition of the impact of ML and TF on the financial system and the economy at large, the Government of Rwanda has demonstrated willingness to prevent the risk of these crimes. The AML/CFT Law, which came into effect in Rwanda in 2020, creates an obligation for reporting persons to establish a regime of preventive measures to manage the risk of abuse in the context of money laundering (ML), the financing of terrorism (FT) and financing the proliferation. The same law mandates supervisory authorities to ensure that reporting persons comply with obligations set in the Law by means of supervision and issuance of regulations. Considering that the National Bank of Rwanda is the regulator of financial institutions, it issues regulations and guidelines on AML/CFT to which Financial Institutions’ should adhere to.
This section contains all relevant Legal Instruments related to deposit Anti Money Laundering and Counter Financing of Terrorism and Proliferation.
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