Entire Section
AML 11.3 AML 11.3 Qualities of a MLRO
AML 11.3.1 AML 11.3.1
A
Relevant Person must ensure that itsMLRO has:(a) direct access to its senior management;(b) sufficient resources including, if necessary, an appropriate number of appropriately trainedEmployees to assist in the performance of his duties in an effective, objective and independent manner;(c) a level of seniority and independence within theRelevant Person 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
DFSA considers that aRelevant Person will need to consider this Rule when appointing an outsourcedMLRO . Any externalMLRO 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]