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  • AML 11.3 AML 11.3 Qualities of a MLRO

    • AML 11.3.1 AML 11.3.1

      A Relevant Person must ensure that its MLRO has:

      (a) direct access to its senior management;
      (b) sufficient resources including, if necessary, an appropriate number of appropriately trained Employees to assist in the performance of his duties in an effective, objective and independent manner;
      (c) a level of seniority and independence within the Relevant 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 a Relevant Person will need to consider this Rule when appointing an outsourced MLRO. Any external MLRO 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]