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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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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]