CIMA’s new AML and Sanctions Rules came into effect on 18 September 2026, applying to licensed and registered entities, including private and registered funds.
The Rules place increased focus on governance and AMLCO responsibilities, documented risk-based approaches, independent AML audits, and compliance with financial and targeted financial sanctions.
Rules and supporting guidance
The requirements are set out in:
- Rule on Effective Compliance Programme for the Prevention and Detection of Money Laundering, Terrorist Financing and Proliferation Financing for Financial Services Providers
- Rule on Compliance with Financial Sanctions and Targeted Financial Sanctions
CIMA has also published Frequently Asked Questions providing further guidance.
Practical steps for your organisation
A focused review can help turn the requirements into a manageable action plan. Consider:
- Reviewing existing policies and procedures against the Rules.
- Confirming governance, reporting and AML officer responsibilities.
- Updating risk assessments and supporting documentation.
- Assessing independent audit arrangements and any outstanding findings.
- Reviewing sanctions controls and staff understanding of the relevant procedures.
- Assigning responsibility and timelines for addressing identified gaps.
How Canopy can help
From AML and sanctions compliance to policies and procedures, independent AML audits and outsourced AML officer services, our experienced team can help you assess, strengthen and maintain your compliance framework with confidence.