What Nauru Anti-Money Laundering and Targeted Financial Sanctions Act 2023 requires
Nauru's Anti-Money Laundering and Targeted Financial Sanctions Act 2023 defines reporting entities (Section 7) and politically exposed persons (Section 6), and requires each reporting entity to conduct a business risk assessment (Section 24), identify and verify customers, agents and beneficial owners (Section 37), keep customer due diligence records (Section 30) for the statutory period (Section 29), apply ongoing customer due diligence (Section 42), stop where due diligence cannot be completed (Section 31), and report suspicious activity (Section 59) to the Financial Intelligence Unit continued under Section 68.
Pillar: Financial Crime, AML & Sanctions · Authority: Nauru Financial Intelligence Unit · Version: 1.0.0 · Last updated:
Primary source: https://justice.gov.nr/wp-content/uploads/2024/04/AML-TFS-Act-2023-Regulations.pdf
SHA-256 integrity: c1bb63888102c8d346c604848f644349230347833a97bcd6319b36a9e25b5857
Primary Citations — 7 traced to source
- Nauru AML and Targeted Financial Sanctions Act 2023, Section 6 - Meaning of politically exposed person
- Nauru AML and Targeted Financial Sanctions Act 2023, Section 7 - Meaning of reporting entity
+ 5 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/nr-aml-tfs-act-2023.json — 6-field metadata
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- Canonical URL: https://bidda.com/intelligence/nr-aml-tfs-act-2023
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