Guideline/Guidelines

Financial Institutions and Designation Non-Financial Businesses and Professions are issued the following guidance for implementing AML/CFT measures:

• Guidelines on the Obligations to Submit a Suspicious Transaction Report (STR) under Section 15 of CARO, 2012 and Section 47 of ATO, 2011
• (Guidelines No. FIU/G-2/2022/2) APPENDIX 1: List of Red Flag Indicators
• CTR Guidance Paper
• CTR Specific Guidance for Banks and Finance Companies
• CTR Specific Guidance for Motor Vehicle Dealers
• CTR Specific Guidance for Advocates and Solicitors, Notaries, Other Independent Legal Professions and Accountants
• CTR Specific Guidance for Money Changer and Remittance Companies
• CTR Specific Guidance for Trust and Company Service Providers
• Guidance Paper to FIs on AML/CFT Transaction Monitoring Programme
• Guidelines on Measures for Non-Face-To-Face Customer Onboarding and Ongoing Customer Due Diligence

Note: General Guidance Paper to Financial Institutions and Designated Non-Financial Businesses and Professions on Anti-Money Laundering and Combatting the Financing of Terrorism issued on 11 July 2019 has been repealed, effective 30 January 2023.

Reporting Platform

Integrated Financial Intelligence System (IFIS)

Integrated Financial Intelligence System (IFIS) is a secure online reporting facility for the submission of reports to the Financial Intelligence Unit (FIU), Brunei Darussalam Central Bank (BDCB).

This facility is available for financial institutions and designated non-financial businesses and professions defined under the Criminal Asset Recovery Order, 2012 (CARO) and the Anti-Terrorism Order, 2011 (ATO).

Reports and information collected will be better managed and analysed for quality financial intelligence which may be disseminated to law enforcement agencies to assist in their investigations.

IFIS facilitates the secure submission of the following reports:

1

Suspicious Transaction Reports (STRs);

2

Cash Transaction Reports (CTRs);

Reports can be submitted using one of the following methods:

1

Web-based reporting: by filling in the form manually on the IFIS website;

2

Uploading XML files; by uploading information in bulk/batch by extracting information from XML files generated by the reporting entity’s system.

To register your institution on IFIS, kindly email ifis[at]bdcb[dot]gov[dot]bn with this request. To access IFIS, please click here.

Notice

• Notice on Measures for Non-Face-To-Face Customer Onboarding and Ongoing Customer Due Diligence
• (Notice No. FIU/N-1/2022/1) APPENDIX 1: Application for Approval Notice on Measures for Non-Face-To-Face Customer Onboarding and Ongoing Customer Due Diligence
• Notice on Obligations to Conduct Actions in Respect of Designated Persons