Covering essential topics, the videos explain what PF entails, provide illustrative examples of PF typologies, and outline the responsibilities of supervised entities. Key areas of focus include the importance of ongoing monitoring, effective sanctions screening and accurate reporting procedures.

The FSC urges licensees to not only review the material themselves but also encourage their teams to engage with these resources. Familiarity with the guidance provided in these videos can help entities meet their obligations more effectively and adapt to the evolving risks related to money laundering, terrorism financing, and PF.

Vigilance remains critical. By implementing robust AML/CFT/CPF measures, entities can enhance compliance efficiency and build resilience against emerging threats.

The videos can be accessed here and the Circular 11 can be found here.