New CBK guidance lowers the suspicious transaction reporting threshold and expands beneficial ownership disclosure requirements for banks and payment service providers.

TrippleShield's advisory team continues to monitor developments in this area closely, and will issue a full sector briefing to subscribers as the regulatory position becomes clearer. Institutions operating in affected markets are advised to review their current compliance posture against the new requirements ahead of the transition deadline.

Professional and Enterprise subscribers can request a tailored impact assessment by contacting their TrippleShield advisory lead directly.