The Central Bank of Tunisia (BCT) sent, this Friday, new instructions to banks and financial institutions to intensify their efforts in the fight against money laundering and the financing of terrorism. This approach comes following the publication of the updated results of the national risk assessment for the period 2022-2024.
In its press release, the Issuing Institute called on financial institutions to increase their vigilance and rigorously apply due diligence in matters of compliance. The BCT particularly emphasizes the need to consolidate internal prevention systems, strengthen controls and update training programs dedicated to the fight against money laundering and terrorist financing.
The objective is to maintain a high level of competence of banking executives and agents, in order to better detect and prevent suspicious transactions.
A context of increased surveillance
This call comes as the President of the Republic, Kaïs Saïed, recently denounced the existence of clandestine money transfers from abroad, citing opaque financial flows likely to fuel illegal activities.
The BCT thus seems to want to tighten the net around suspicious financial circuits, in a regional context marked by increased vigilance from international organizations.
