Entire Section

  • RPP 3-4 RPP 3-4 Supervision of Ancillary Service Providers

    • RPP 3-4-1

      The DFSA expects to undertake periodic visits of Ancillary Service Providers as part of its risk based approach to supervising firms. The DFSA may also include Ancillary Service Providers in thematic visits.

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]

    • RPP 3-4-2

      Onsite visits to Ancillary Service Providers are likely to focus on their compliance with relevant AML/CTF Laws and Rules. This may include the DFSA testing the firm's systems and controls for conducting a money laundering risk assessment, customer due diligence and complying with relevant United Nations Security Council Sanctions and Resolutions.

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]

    • RPP 3-4-3

      The onsite visit is likely to include interviews with senior management and a review of relevant records. Depending on the outcome of the visit, the DFSA may provide a letter to the firm to discuss its findings.

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]

    • RPP 3-4-4

      The DFSA also expects to receive a copy of the annual Anti Money Laundering Officer ("AMLO") report from Ancillary Service Providers (see ASP Rule 6.4.5(2)).

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]