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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
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
Notices
Financial Markets Tribunal
Archive

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  • AML 11.2.2

    The individual appointed as the MLROG of a Representative OfficeG must be the same individual who holds the position of Principal RepresentativeG of that Representative OfficeG .

    Derived from RM117/2013 [VER9/07-13]

    • AML 11.2.2 Guidance

      1. Authorised FirmsG are reminded that under GEN Rule 7.5.1, the MLROG function is a mandatory appointment. For the avoidance of doubt, the individual appointed as the MLROG of an Authorised FirmG , other than a Representative OfficeG , is the same individual who holds the Licensed FunctionG of Money Laundering Reporting OfficerG of that Authorised FirmG . Authorised FirmsG are also reminded that the guidance under GEN Rule 7.5.2 sets out the grounds under which the DFSAG will determine whether to grant a waiver from the residence requirements for an MLROG . The same guidance would apply by analogy to other Relevant PersonsG seeking a waiver from the MLROG residence requirements.
      2. The individual appointed as the MLROG of an Authorised Market InstitutionG is the same individual who holds the position of Money Laundering Reporting OfficerG of that Authorised Market InstitutionG under the relevant AMIG Rule.
      Derived from RM117/2013 [VER9/07-13]