April 23 2019
The Department of Commerce & Investment is introducing four new board policies as part of effective anti-money laundering regulation. The department oversees designated non-financial businesses and professions, which include real estate agents and precious metal dealers.
The policies come into force on Monday, May 1, 2019. The policy changes affect money-lending businesses such as payday loan providers, who must now submit proof of their source of funds when making an application for a business licence.