The Bank of Portugal ("BdP") has initiated a public consultation a draft Instruction, a draft Notice and an respective explanatory note regarding the approval of a new Reporting Model on the Prevention of Money Laundering and Terrorist Financing (RPB).
The draft Instruction defines the new RPB model aiming to simplify its content and revoking Instruction BdP I5/2019 and Instruction BdP I 6/2020..
Furthermore, with the entrance into force of this new Instruction, the deadline for submission of the 2023 RPB shall be postponed to 30 June 2024.
Contributions on the draft regulations must be sent until 23 January 2024.