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

AML 11.4.1

Whole Section PDF

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 ensure that its MLROG implements and has oversight of and is responsible for the following matters:

(a) the day-to-day operations for compliance by the Relevant PersonG with its AML policies, procedures, systems and controls;
(b) acting as the point of contact to receive notifications from the Relevant Person'sG EmployeesG under AML Rule 13.2.2;
(c) taking appropriate action under AML Rule 13.3.1 following the receipt of a notification from an EmployeeG ;
(d) making Suspicious Activity ReportsG in accordance with Federal AML legislation;
(e) acting as the point of contact within the Relevant PersonG for competent U.A.E.G authorities and the DFSAG regarding money laundering issues;
(f) responding promptly to any request for information made by competent U.A.E.G authorities or the DFSAG ;
(g) receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions described in chapter 10; and
(h) establishing and maintaining an appropriate money laundering training programme and adequate awareness arrangements under chapter 12.
Derived from RM117/2013 [VER9/07-13]
[Amended] DFSA RM196/2016 (Made 7th December 2016). [VER13/02-17]