The Financial Market Council (CMF) has just published a note addressed to stockbrokers and portfolio management companies acting on behalf of third parties, reminding them of their obligation to update their internal risk assessments and to develop and regularly update their internal compliance policies and procedures, particularly with regard to risk management, ongoing due diligence and the implementation of targeted financial sanctions.
The aim is to ensure the proper application of the existing legislative and regulatory framework and to strengthen the integrity and transparency of Tunisia’s financial sector.
The CMF specified that these measures form part of support for national efforts to combat money laundering, terrorist financing, and the proliferation of weapons, and to enhance the effectiveness of the national system in addressing the challenges posed by these risks.
