The Ministry for General Government Affairs and Finance has published the approved amendment to Annex 3 of the Due Diligence Ordinance (Law Gazette No. 2019/232). The amendment includes the indications of money laundering, organised crime and terrorist financing, as well as how they should be dealt with, in the annex.
The indications have been classified as general and categories II to VI based on the background of practical experiences. The listing has been done with the intention of assisting persons who must carry out due diligence in their work, as well as to give them an indication as to which facts or practices should trigger clarifications within the meaning of the law.
A few indications under each of the categories are:
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