registration
Registration of reporting entities
Every reporting entity to which the AML/CFT Act, 2020 applies or commence its business operations in any of the business specified in the First Schedule of the Act, shall register with the FIU within 60 days from commencement of the AML/CFT regulations or commencement of its business operations, as the case may be. Notwithstanding the aforementioned provisions, Section 100 (4) of the AML/CFT Act extends compliance to this obligation to January 31, 2021 for existing reporting entities and any reporting entities which commences business before December 3, 2020.
Regulation 7 (2) of the AML/CFT Regulations, further requires that the registration shall be in an electronic manner and the procedures for registration shall be as per the guidelines to be issued by the FIU.
The FIU has launched the digital reporting platform goAML. Reporting entities are to register on the platform by clicking the following link: https://goaml.fiu.sc/goAML_Live.
FIU registration guidelines
Every registered entity shall notify the FIU of any changes in the particulars furnished, in writing, within a period of 30 days from the date of such change.
Failure to register with the FIU or the failure to update registration information when it has changed constitutes an offence, and may result in a fine not exceeding SCR100,000.
- The Legal Name Of The Natural Person, Legal Person Or Legal Arrangement;
- Registration Number, License Number, Or National Identity Number;
- Full Contact Details Of The Reporting Entity;
- Full Name And Contact Details Of The Compliance Officer And The Alternative Compliance Officer;
- Any Other Particulars, As May Be Determined By The FIU From Time To Time
First of all download the FIU registration guidelines. Then visit the following link to land on the goAML platform: https://goaml.fiu.sc/goAML_Live. Click on register and enter your information.