12/07/2018 Resumo I9AAs supervisor and regulator of the financial system, Banco de Cabo Verde has regulatory and supervisory powers in the area of preventing and suppressing crimes of money laundering and terrorist financing in the financial system. In fact, Banco de Cabo Verde has a central role in preventing and repressing the crime of laundering money, rights and values within the financial system, insofar as, under the terms of Article 5 (a) and Article 7 of Law No. 38/VII/2009, dated 27 April, as amended by Law No. 120/VIII/2016, dated 24 March, it is the regulatory and supervisory entity for financial institutions as regards the duties established in the law which aim to prevent and repress the crime of money laundering. In its Article 6, the law states that the regulatory and supervisory authorities are responsible for regulating, supervising, inspecting and ensuring compliance with the provisions of the Law, being responsible, among other measures, specifically for the following: a. Editing good practice rules to combat the laundering of money and other assets; b. Approving enforcement regulations, guidelines and recommendations to assist entities in fulfilling the obligations provided for in the Law; c. Approving regulations that require entities to implement enhanced due diligence measures, or other measures, in relation to business relationships and transactions with natural and legal persons and financial institutions in countries that do not apply international rules to prevent money laundering, or that do not apply them satisfactorily; d. Monitoring and supervising the implementation of preventive rules and measures; e. Issuing guidelines on how entities should report suspicious transactions to the Financial Information Unit (FIU). Partilhar