With an increasingly wide range of product variants available to the public, product characteristics are now bundled together in an enormous variety of combinations. A “personal computer” is, in actuality, an amalgamation of computing speed, memory, networking capability, graphics capability, and so on.
The guidance has covered various issues such as the operationalization of the AML Act, Suspicious Transaction Reporting and measures to be adopted by financial institutions to combat the financing of terrorism. The Central Bank has also revised the Forex Bureau Guidelines so as to align these guidelines to POCAMLA.