Although the framework in place is in line with international standards, we have considered that our “traditional” regime for the prevention of money laundering could not easily be adapted to combating terrorist financing. We know that there are significant differences that have an impact on the monitoring and information systems of financial institutions.
In addition, we have established a specific mechanism for supervision and control over the units developed for combating money-laundering and terrorist financing. This is based on the work of a team of dedicated inspectors exclusively assigned to these tasks, and a rating system for the internal control units of each financial institution.