Entire Section

  • Systems and controls

    • GEN 7.6.13 GEN 7.6.13

      An Authorised Firm must ensure, in the case of individuals seeking to perform the Licensed Functions of Senior Executive Officer, Money Laundering Reporting Officer or Compliance Officer, that such individuals are able to demonstrate sufficient knowledge of relevant anti money laundering requirements.

      • GEN 7.6.13 Guidance

        In considering whether individuals have sufficient knowledge of relevant anti money laundering requirements, the DFSA may be satisfied where the individual can demonstrate receipt of appropriate training specifically relevant to such requirements.

        Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
        [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]

    • GEN 7.6.15

      (1) An Authorised Firm must keep records of the assessment process undertaken for each individual under this chapter.
      (2) These records must be kept for a minimum of six years from the date of the assessment.