Financial Intelligence Centre (General) Regulations, 2016

1. Customer risk factors: (a) the business relationship is conducted in unusual circumstances such as significant unexplained geographic distance between the financial institution and the customer; (b) non-resident customers; (c) legal persons or arrangements that are personal asset-holding vehicles; (d) companies that have nominee shareholders or shares in bearer form; (e) business that are cash-intensive; and (f) the ownership structure of the company appears unusual or excessively complex given the nature of the company's business.

2. Country or geographic risk factors: (a) countries identified by credible sources, such as mutual evaluation or detailed assess- ment reports or published follow-up reports, as not having adequate systems for combating money laundering or terrorist financing; (b) countries subject to sanctions, embargos or similar measures issued by the United Nations or similar international organisation; (c) countries identified by credible sources as having significant levels of corruption or other criminal activity; and (d) countries or geographic areas identified by credible sources as providing funding or support for terrorist activities, or that have designated terrorist organisations operat- ing within their country.

3. Product, service, transaction or delivery channel risk factors: (a) private banking; (b) anonymous transactions, which may include cash; (c) non-face-to-face business relationships or transactions; and (d) payment received from unknown or un-associated third parties. LUSAKA 22nd January, 2015 [MF/IDM/52/2/7SEC] A.B. CHIKWANDA, Minister of Finance 232 Statutory Instruments 29th January, 2016