Rwanda’s Capital Market Players trained on AML Compliance

The Capital Market Authority of Rwanda (CMA) conducted a training session on 11 February 2025 to enhance its licensed players’ capacity to comply with Anti-Money Laundering (AML) regulations. Facilitated by the Financial Intelligence Centre (FIC), the training highlighted the importance of AML compliance in safeguarding the integrity of Rwanda’s financial market.

The Chief Executive Officer of the Capital Market Authority, Thapelo Tsheole stressed the critical importance of Anti-Money Laundering, Counter-Terrorist Financing, and Counter-Proliferation Financing (AML/CFT/CPF) compliance.

CEO Thapelo affirmed that adherence to global standards is mandatory for all licensed capital market intermediaries and urged collaborative efforts to foster the sustainable growth of Rwanda’s capital market industry.

The training equipped market participants with practical guidance on implementing risk-based approaches, ensuring beneficial ownership transparency, conducting customer due diligence (CDD), and applying enhanced due diligence (EDD). It also covered internal controls, governance measures, Targeted Financial Sanctions (TFS), and reporting obligations, preparing firms to identify and mitigate ML/TF/PF risks effectively.