Entire Section
AML 1 AML 1 Introduction
AML 1.1 AML 1.1 Application
AML 1.1.1
This module (AML) applies to:
(a) everyRelevant Person in respect of all its activities carried on in or from theDIFC ;(b) the persons specified in Rule 1.2.1 as being responsible for aRelevant Person's compliance with this module; and
except to the extent that a provision of AML provides for a narrower application.Derived from RM117/2013 [VER9/07-13]
[Amended] DFSA RM196/2016 (Made 7th December 2016). [VER13/02-17]AML 1.1.2
For the purposes of these Rules, a
Relevant Person means:(a) anAuthorised Firm other than aCredit Rating Agency ;(b) anAuthorised Market Institution ;(c) aDNFBP ; or(d) aRegistered Auditor .Derived from RM117/2013 [VER9/07-13]
[Amended] DFSA RM132/2014 (Made 21st August 2014). [VER10/06-14]AML 1.2 AML 1.2 Responsibility for compliance with this module
AML 1.2.1
(1) Responsibility for aRelevant Person's compliance with this module lies with every member of its senior management.(2) In carrying out their responsibilities under this module every member of aRelevant Person's senior management must exercise due skill, care and diligence.(3) Nothing in this Rule precludes theDFSA from taking enforcement action against any person including any one or more of the following persons in respect of a breach of any Rule in this module:(a) aRelevant Person ;(b) members of aRelevant Person's senior management; or(c) anEmployee of aRelevant Person .Derived from RM117/2013 [VER9/07-13]AML 1.3 AML 1.3 Application table
AML 1.3 Guidance
Relevant Person Applicable Chapters Authorised Person 1–14 Representative Office 1–5* 10- 14 Registered Auditor 1 -8 10–14 DNFBP 1–8 10–15 * Chapters 6–9 are unlikely to apply to a
Representative Office as such an office is only permitted to carry on limited activities in theDIFC and therefore must not haveCustomers .Derived from RM117/2013 [VER9/07-13]
[Amended] DFSA RM132/2014 (Made 21st August 2014). [VER10/06-14]
[Amended] DFSA RM196/2016 (Made 7th December 2016). [VER13/02-17]