AML 15.1 AML 15.1 Registration and Notifications
An applicant for registration as a
DNFBPmust apply to the DFSAby completing and submitting the appropriate form in the AFNSourcebook.
(1) To be registered as a
DNFBP, an applicant must demonstrate to the DFSA's satisfaction that:(a) it is fit and proper to perform anti-money laundering functions; and(b) it has adequate resources and systems and controls, including policies and procedures, to comply with applicable anti-money laundering requirements under Federal AMLlegislation, the Regulatory Lawand these Rules.
(2) In assessing if an applicant is fit and proper under (1)(a), the
DFSAmay, without limiting the matters it may take into account under that paragraph, consider the applicant, its senior management, its beneficial owners, other entities in its Groupand any other person with whom it has a relationship.
DFSAwill in assessing if an applicant is fit and proper, consider the cumulative effect of matters that, if taken individually, may be regarded as insufficient to give reasonable cause to doubt the fitness and propriety of the applicant.
Annual Information Return
DNFBPmust complete the annual information return in AFNfor each calendar year and submit the return to the DFSAby 31 January of the following year.
Notification of changes
DNFBPmust promptly notify the DFSAof any change in its:(a) name;(b) legal status;(c) address;(d) MLRO; or(e) senior management; or.(f) beneficial ownership.