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  • AML 11.3 Qualities of a MLRO

    • AML 11.3.1

      A Relevant PersonG must ensure that its MLROG has:

      (a) direct access to its senior management;
      (b) sufficient resources including, if necessary, an appropriate number of appropriately trained EmployeesG to assist in the performance of his duties in an effective, objective and independent manner;
      (c) a level of seniority and independence within the Relevant PersonG to enable him to act on his own authority; and
      (d) timely and unrestricted access to information sufficient to enable him to carry out his responsibilities in Rule 11.4.1.
      Derived from RM117/2013 [VER9/07-13]

      • AML 11.3.1 Guidance

        The DFSAG considers that a Relevant PersonG will need to consider this Rule when appointing an outsourced MLROG . Any external MLROG that is appointed will need to have the actual or effective level of seniority that the role requires.

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