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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) [VER16/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(2 versions)
Jul 14 2013 - Jan 31 2017Feb 1 2017 onwards

AML 10.2.1

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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.

(1) A Relevant PersonG must establish and maintain effective systems and controls to ensure that on an ongoing basis it is properly informed as to, and takes reasonable measures to comply with, relevant resolutions or sanctions issued by the United Nations Security Council.
(2) A Relevant PersonG must immediately notify the DFSAG when it becomes aware that it is:
(a) carrying on or about to carry on an activity;
(b) holding or about to hold money or other assets; or
(c) undertaking or about to undertake any other business whether or not arising from or in connection with (a) or (b);
for or on behalf of a person, where such carrying on, holding or undertaking constitutes or may constitute a contravention of a relevant sanction or resolution issued by the United Nations Security Council.
(3) A Relevant PersonG must ensure that the notification stipulated in (2) above includes the following information:
(a) a description of the relevant activity in (2) (a), (b) or (c); and
(b) the action proposed to be taken or that has been taken by the Relevant PersonG with regard to the matters specified in the notification.
Derived from RM117/2013 [VER9/07-13]
[Amended] DFSA RM196/2016 (Made 7th December 2016). [VER13/02-17]