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Jul 14 2013 - Jan 31 2017Feb 1 2017 onwards

AML 4.1.1

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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

A Relevant PersonG must:

(a) assess and address its AML risks under this module by reviewing the risks to which the person is exposed as a result of the nature of its business, customers, products, services and any other matters which are relevant in the context of money laundering and then adopting a proportionate approach to mitigate those risks; and
(b) ensure that, when undertaking any risk-based assessment for the purposes of complying with a requirement of this module, such assessment is:
(i) objective and proportionate to the risks;
(ii) based on reasonable grounds;
(iii) properly documented; and
(iv) reviewed and updated at appropriate intervals.
Derived from RM117/2013 [VER9/07-13]
[Amended] DFSA RM196/2016 (Made 7th December 2016). [VER13/02-17]