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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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(1 version)
Oct 29 2018 onwards

AML 5.1.3

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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) This Rule applies in relation to:
(a) the development of new products and new business practices, including new delivery mechanisms, channels and partners; and
(b) the use of new or developing technologies for both new and existing products.
(2) Without limiting AML Rules 5.1.1 and 5.1.2, a Relevant PersonG must take reasonable steps to ensure that it has:
(a) assessed and identified the money laundering risks relating to the product, business practice or technology; and
(b) taken appropriate steps to manage and mitigate the risks identified under (a), before it launches or uses the new product, practice or technology.
before it launches or uses the new product, practice or technology.
Derived from DFSA RM231/2018 (Made 6th June 2018) [VER15/07-18]