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  Versions
(1 version)
 
Oct 29 2018 onwards

AML 8.1.2



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.

(1) When assessing under AML Rule 8.1.1(3)(c) or (4) if requirements, supervision or regulation in another jurisdiction meet FATFG standards, a Relevant PersonG must take into account factors including, among other things:
(a) mutual evaluations, assessment reports or follow-up reports published by FATFG , the IMFG , the World Bank, the OECDG or other International Organisations;
(b) membership of FATFG or other international or regional groups such as the MENAFATFG or the Gulf Co-operation Council;
(c) contextual factors such as political stability or the level of corruption in the jurisdiction;
(d) evidence of recent criticism of the jurisdiction, including in:
(i) FATFG advisory notices;
(ii) public assessments of the jurisdiction's AMLG regime by organisations referred to in (a); or
(iii) reports by other relevant non-government organisations or specialist commercial organisations; and
(e) whether adequate arrangements exist for co-operation between the AML regulator in that jurisdiction and the DFSAG .

(2) A Relevant PersonG making an assessment under (1) must rely only on sources of information that are reliable and up-to-date.

(3) A Relevant PersonG must keep adequate records of how it made its assessment, including the sources and materials considered.

Derived from DFSA RM231/2018 (Made 6th June 2018) [VER15/07-18]