Honduras: Central Bank Updates Thresholds for AML Reports

On April 1, 2017 those provisions of Resolution 439-11/2016 that set out the new thresholds for which obligated parties must report entered into force. These provisions were established in Legislative Decree No.144-2014 of January 13, 2015, which approved the Special Law against Money Laundering.

The resolution was to enter into effect as of January 1, 2017; however, in a note dated October 21, 2016, the Honduran Association of Banking Institutions (AHIBA) requested the extension of the deadline for the application of that resolution to April 1 2017, arguing that time was needed to make the changes to its operating systems and processes.  

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