You don’t have to be a big country…

To have financial crime enforcement. Swaziland has penalties for:

  • Money Laundering
  • Financing of terrorism
  • Failure to establish and verify identity of persons and transactions
  • Failure to maintain records
  • Failure to maintain account in true name
  • Failure to report suspicious transactions
  • Failure to formulate and implement internal rules
  • Failure to appoint compliance officer or provide training
  • Opening an account in fictitious, false or incorrect name
  • Providing false or misleading statements
  • Unauthorized disclosure of suspicious transaction reports and other information
  • Obstructing of official in performance of functions
  • Failure to comply with monitoring and restraint order

The grid has both individual and corporate penalties listed for each of these.

Link:

Swaziland Enforcement page

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