The Corporate and Business Registration Department (CBRD) is designated as AML/CFT Regulatory body for Company Service Providers (CSPs) pursuant to amendments to The Financial Intelligence Anti Money Laundering Act 2002. AML/CFT laws and regulations are applicable for a CSP who prepares, or carries out, transactions for a client concerning the following activities –

1. acting as a formation agent of a legal person with a view to assisting another person to incorporate, register or set up, as the case may be, a company, a foundation, a limited liability partnership or such other entity as may be prescribed;
2. acting, or causing another person to act, as a director, as a secretary, as a partner or in any other similar position, as the case may be, of a legal person such as a company, foundation, a limited liability partnership or such other entity as may be prescribed;
3. providing a registered office, a business address or an accommodation, a correspondence or an administrative address for a legal person such as a company, a foundation, a limited liability partnership or such other entity as may be prescribed; or
4. acting, or causing for another person to act, as a nominee shareholder for another person