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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 14.4.2

    A Relevant Person must document, and provide to the DFSAG immediately on request, any of the following:

    (a) the risk assessment of its business undertaken under Rule 5.1.1;
    (b) how the assessment in (a) was used for the purposes of complying with Rule 6.1.1(1);
    (c) the risk assessment of the customer undertaken under Rule 6.1.1(1)(a); and
    (d) the determination made under Rule 6.1.1(1)(b).
    Derived from RM117/2013 [VER9/07-13]
    [Amended] DFSA RM231/2018 (Made 6th June 2018) [VER15/07-18]

    • AML 14.4.2 Guidance

      1. The records required to be kept under AML Rule 14.4.1 may be kept in electronic format, provided that such records are readily accessible and available to respond promptly to any DFSAG requests for information. Authorised PersonsG are reminded of their obligations in GEN Rule 5.3.24.
      2. If the date on which the business relationship with a customer has ended remains unclear, it may be taken to have ended on the date of the completion of the last transaction.
      3. The records maintained by a Relevant PersonG should be kept in such a manner that:
      a. the DFSAG or another competent authority is able to assess the Relevant Person'sG compliance with legislation applicable in the DIFCG ;
      b. any transaction which was processed by or through the Relevant PersonG on behalf of a customer or other third party can be reconstructed;
      c. any customer or third party can be identified; and
      d. the Relevant PersonG can satisfy without delay any regulatory enquiry or court order to disclose information.
      4. The DFSAG would ordinarily expect a Relevant Person to be able to provide a copy of a record or assessment referred to in AML Rule 14.4.1 or AML Rule 14.4.2 within 24 hours of a request by the DFSAG . However, if a request is complex or if records are kept outside the DIFCG as set out in AML Rule 14.4.3, the DFSAG may allow further time to comply with the request.
      Derived from RM117/2013 [VER9/07-13]
      [Amended] DFSA RM231/2018 (Made 6th June 2018) [VER15/07-18]