The FIAU is today issuing a guidance document for subject persons on the completion of the Anti-Money Laundering and Countering the Financing of Terrorism Risk Evaluation Questionnaire (REQ) which replaces the Annual Compliance Report (ACR).  The document, which may be downloaded by clicking here, is also available in the news section on the FIAU’s website.

The guidance document provides general and background information on the REQ as well as the questionnaires that will need to be completed by subject persons.  The questionnaires annexed to the guidance document are intended for information purposes only, and to give subject persons sufficient time to go through the questions and acquaint themselves with the information and data they will be required to provide to the FIAU.

We therefore urge all subject persons to download and review the guidance document and questionnaires. However, at this point in time, and until further notice, subject persons are not required to complete and submit the questionnaire/s to the FIAU.